Thursday, 03 December 2009
The average sales price of homes in Madison County for the 3rd quarter was $122,648 compared to $130,427 last year during the same months. This is the 3rd straight year of decline since 2006. The total volume had decreased 27.35% with unit sales down 22.51% for Madison County. Average days on the market of sold homes was 117 vs 98 in 2008. These figures are from the board of realtors MLS (Multiple Listing System). Of the properties in the price range of $400,000 - $800,000 there have been 10 sales this year and 21 homes on the market as of the first of December. Now is a good time to buy. The sellers that have their home on the market at this time are motivated. The rates are the lowest they have been in years.
