The List
1. Healthy Sales Prices: Homes in Madison County sold for an average 98.45% of list price in 2007!*

2. Healthy Property Value: Median sales price of homes sold in Madison County increased from $157,258 in 2006 to $169,573 in 2007, a jump of 7.8%.*

3. Healthy Long-term Appreciation: Waiting for prices to decrease in our area is not a safe bet. Median sales price of homes in Madison county grew steadily from $101,508 in 2000 to $169,573 in 2007, and impressive 67% increase!*

4. Healthy Home Sales: Total homes sold in the Huntsville area increased 0.55% in February 2008 over February 2007, the only metro area in Alabama with positive growth.**

5. Healthy Interest Rates: Interest rates for 30-year fixed-rate mortgages are hovering near 40-year lows!***

6. Healthy Job Growth: Over 25,000 jobs have been added to the Huntsville metropolitan area in 2000-2007, thereby leading the state. Population increased by 44,000 in the same time period. Continued steady growth of at least 2% annually can be anticipated.†

7. Healthy Employment: Unemployment in Madison County fell to 2.3% in October 2007 as employment grew twice as fast as the labor force. The unemployment rate in Madison County as of January 2008 is 3.3%.†

8. Healthy National Reviews: Among other accolades, Huntsville has been included in .the “Top Ten Metros for Business Vitality” (Wall Street Journal, June 2007), “Forbes Leading Cities for Business” (Forbes Magazine, May 2007), and “Top 10 Cities for Job Growth and Affordability” (MSN/Sperling’s, March 2007).†

9. Healthy Wealth Investment: Real estate has delivered the most consistent positive return of any investment over the last 40 years.††

10. Healthy Family Investment: A home is more than a house. It’s a place to raise your family, make memories, and call your own!

 

 

*Huntsville Area Association of REALTORS®
**Alabama Center for Real Estate
***www.mortgage-x.com/trends.htm
† Huntsville Madison County Chamber of Commerce
†† National Association of REALTORS®