The Huntsville housing market is showing balanced conditions with stable prices and moderate inventory levels. The median home price of $343,000 represents a moderate 5.5% increase from this time last year. With 3.0 months of supply, Huntsville's inventory levels remain relatively tight. Homes are taking about 38 days to sell, which is -5 days longer than this time last year. A significant 36.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 16.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Huntsville market with the affordability index at 11.0. Looking ahead, the Huntsville market is expected to maintain its current trajectory with relatively stable conditions.
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