Huntsville, AL Housing Market Update | November 2022Posted by Matt Curtis on
Huntsville, AL Housing Market Update | November 2022
Home sales are down 27% year over year, yet prices are still up 8.7% year over year. Housing affordability and the mortgage rate lockdown effect are continuing to push the number of homes sold down, we’ll look at what effects these and other factors had on the Huntsville housing market in November. If you’re looking to buy or sell a home in Huntsville, AL, this information can help you make the best decision based on your situation.
New Listings, Pending Sales, & Days on Market
New listings are down 16% year over year, which is due to this mortgage rate locked down we’re experiencing. In fact, there are a lot of sellers that have rates starting in the 2’s or 3’s which are ultra-low interest…
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