Q1 & April 2022 Huntsville Housing Market Report
The data is in for the Q1 and April 2022 Huntsville Housing Market Report. The market continues to be red hot overall but we are starting to see a more balanced market in some of the higher price ranges.
The median pending sales price for Q1 came in at $322,218, which is up 21.6% and the average days on market was only 11 days for Q1. There also continues to be an inventory challenge in this market due to an approximate 5.5 million home deficit nationwide.
To give you some perspective on 11 days, a balanced market is actually considered to be four to six months worth of supply, anything less than four months is considered a seller's market. So at 11 days, we are an extreme and unhealthy…
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