Is economic news such as the Silicone Valley Bank failure having an impact on the Huntsville area housing market?

Chris Hulser, president of the Huntsville Area Association of Realtors, believes that may be the case.

“Some buyers are just holding off,” he said. “They’re waiting to see just what’s going to happen with the stock market. That has obviously caused homes to sit on the market longer.”

In February a year ago, homes stayed on the market an average of only 11 days in Huntsville-Madison County and nine in Athens-Limestone. Last month, homes stayed on the market 36 days in Huntsville and Madison County, and 41 in Athens.

“Buyers are taking a little bit more time being cautious and being sure what they’re buying is what they want,” Hulser said.

Things were a little less dramatic in the Decatur market. Homes stayed on the market 39 days in Morgan and Lawrence counties, compared to 24 a year ago.