May 2024 TAG Newsletter

May 2024 TAG Newsletter

Interest rates have been rising, but has that slowed the overall market? On January 22nd, Madison County had 1620 active homes for sale and only 746 homes under contract. Today, we have 1620 active homes on the market, skyrocketing to 1,035 pending homes.  

The rate at which homes are going under contract exceeds the rate from earlier this year. Overall, we see buyers settling into rates above 7%. Remember, this remains just above a historically average interest rate.

During March and April, we saw competitive bidding in multiple-offer scenarios on several of our listings. We fully expect the trend to continue throughout the late spring and summer months, which will be great for real estate.  

-The Abercrombie Group

New Listing Spotlight

827 Blowing Cave Road

827 Blowing Cave Road Gurley, AL 35748 Home for Sale MLS #:21846514 - Relocate to Huntsville.com

A private mountain retreat boasting acreage, privacy and proximity to both Huntsville and Hampton Cove! This custom designed home boasts high ceilings and multiple upgrades...Read More

Congrats to our friends and clients who found a great home!

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