Huntsville Market & Covid-19

[John White]

I get this question a lot: How's the Huntsville RE market responding to the pandemic?

I noticed a three week pause in March when the virus was spreading and we went on lock down. But in April, RE activity picked right back up. I think there were buyer that decide to sit on the sidelines but sellers did too so the market remained very competitive. The month of May seemed like a normal month to me as an investor real estate agent - good deals selling in a day or two usually with multiple offers.

https://www.al.com/news/huntsville/2020/06/north-alabama-home-market-avoids-covid-19-slump-in-may.html

This article says 49 days on market in May. That may be true on average but my experience is the best deals are selling in just days and you have to be on your toes and move fast.

Is anyone's experience different?

[Kiley N.]

@John White

Agreed.  Multiple offers at asking.  If these conditions continue we are gearing up for a crazy summer as sellers realize that they don't need to fear a COVID discount here.   

I took a dive into the AL COVID numbers and Huntsville is holding up well relative to the other major cities in AL.  Time will tell if the relatively low case numbers can be maintained.