Madison Alabama Market Report August 5, 2013
Homes for sale Madison Alabama
If you're considering a home purchase in the Madison Alabama area this Madison Alabama Market Report August 5, 2013 will hopefully benefit you. The first half of this year has been very active with small median price gains being made and Madison Alabama homes for sale spending less time on the market. Low interest rates also played a part in the activity moving the housing market along in the right direction. As is typical for this area the market starts to slow down in summer because of vacations and the recent sequestration in some part. If past seasonal trends continue then the market should pick back up again in early fall and fall off toward the holidays.
It's important to note that even within a community such as Madison Alabama where the last 12 months absorption rate is 6.92 (a buyers market), there are neighborhoods still in a buyers market and those that are firmly a sellers market. Clifts Cove for example, a very upscale community has an absorption rate of 7.2 which is considered a buyers market. And then there is Highland Lakes another upscale Madison Alabama community with an absorption rate of 4.80, clearly a sellers market. Clearly the supply of homes is different from one community to the next supporting the add-age "Real Estate is Local"!
If you need a knowledgeable real estate professional in Madison or Huntsville Alabama area, why don't you let me Google that for you! I also know outstanding agents in all states and Canada should you need help relocating to a new area.
Comments(11)