T
he Huntsville Area Association of Realtors (HAAR) has released its July market report, showing a decline in closed sales and median sales prices for the Huntsville/Madison County area. Compared to July 2024, closed sales dropped by 8.7% and median sales prices decreased by 1.8%.

    The median sales price for single-family homes reached $345,439, down 2.8% from last year, while townhouse/condo units saw a 0.9% increase to $300,000. New listings for single-family units rose by 2.7%, but townhouse units experienced a significant decline of 55.1%. Pending sales for single-family homes increased by 13.3%, whereas townhouses decreased by 10.9%.

    Properties took longer to sell in July, with the average days on market for single-family homes rising to 42 (up from 39) and townhouse units averaging 66 days (an 88% increase). Single-family home inventory grew by 8.7%, but townhouse unit inventory dropped by 36.4%.

    Nationally, the National Association of Realtors reports a 2.7% decline in home sales from June to July 2025. The South region saw a slight decrease in monthly sales, but year-to-year figures show an increase.

    The Producer Price Index (PPI) report revealed an annual rate of inflation for core producer prices at 3.3%. This, combined with the weak jobs report, may temper expectations for a Federal Reserve interest rate cut. "This is a most unwelcome surprise to the upside and is likely to unwind some of the optimism of a 'guaranteed' rate cut next month," said Chris Zaccarelli, chief investment officer at Northlight Asset Management.

    The Huntsville Business Journal will continue to monitor market conditions both nationally and locally.