Home prices are falling in north Alabama, but not in Huntsville or Decatur
It was cheaper to buy a home in March throughout much of north Alabama.
But that was not the case in Huntsville, according to VallleyMLS data released by the Huntsville Area Association of Realtors earlier this week.
The average sales price in the Huntsville market – which includes the city of Madison and Madison County – rose 10.5% over March 2022, compared to the rest of HAAR’s coverage area, which fell by 2%, or by an average of about $2,000.
HAAR’s area also includes Jackson, Etowah, Dekalb and Marshall counties in addition to Madison, Limestone, Morgan and Lawrence counties.
“We’re seeing fewer being sold, but they’re going for a higher price,” said Huntsville City Planner James Vandiver at a South Huntsville town hall earlier this week. “We’ve got a lot of demand for these fewer homes.”