The Carnival Corner

The latest info that I can dig up, information, and help regarding real estate, loans, builders, etc.  Please ask me questions and I will dig up the answers.

Feb. 15, 2024

Huntsville, Alabama Real Estate Market Report: January 2024 Analysis

Check out the stats for January 2024!

YOUTUBE

 

Are you a homeowner or prospective buyer in Huntsville, Alabama? Curious about the latest trends shaping the local real estate market? Look no further! Let's dive into the market stats for January 2024 and explore what they mean for you.

 

The Good News: Rising Average Sales Price

 

One of the most significant highlights from the January 2024 market stats is the steady increase in the average sales price. Over the past two years, we've witnessed a remarkable climb of nearly $50,000. This upward trend indicates a positive trajectory for homeowners, signaling potential appreciation in property values.

 

The Meh: Challenges in Days on Market and Inventory

 

While the surge in average sales price brings optimism, it's crucial to acknowledge some less favorable trends affecting the market dynamics.

 

Firstly, the days on market (DOM) have quadrupled, presenting a notable challenge for sellers. Properties are spending considerably more time on the market before securing a buyer, requiring patience and strategic planning from both sellers and their agents.

 

Secondly, the number of homes on the market has tripled, creating a more competitive environment for sellers. With increased inventory, sellers must differentiate their properties effectively to attract buyers amidst a broader selection.

 

Homes Sold: Facing a Significant Drop

 

Despite the promising increase in average sales price, the number of homes sold experienced a significant drop, comparable to figures from the previous year. This decline suggests a potential slowdown in buyer activity, highlighting the importance of adapting to evolving market conditions.

 

Looking Ahead to February

 

As we transition into February, there's optimism for improvement, particularly with favorable weather conditions on the horizon. However, it's essential to remain cautious, as trends such as days on market may continue to creep up in the short term.

 

Market Outlook: Buyer's Market with 4.6 Months of Inventory

 

With 4.6 months of inventory available, Huntsville currently leans towards a buyer's market. For sellers navigating this environment, partnering with an experienced and proactive real estate team becomes paramount. Successfully navigating a buyer's market requires a strategic approach and expert guidance to maximize outcomes.

 

Partner with a Rockstar Team

 

If you're considering listing your property in Huntsville, now is the time to partner with a seasoned real estate team. With the market presenting both opportunities and challenges, having a knowledgeable and dedicated team by your side can make all the difference.

 

Contact Us Today!

 

Ready to make your move in the Huntsville real estate market? Reach out to our rockstar team at 256-325-1111. We're here to guide you through every step of the process, ensuring a smooth and successful transaction.

 

In conclusion, while Huntsville's real estate market faces some challenges, there are still opportunities for both buyers and sellers. By staying informed and enlisting the support of a reliable real estate team, you can navigate the market with confidence and achieve your goals.

 

Posted in Market Updates
Feb. 15, 2023

Buyer's Market?? January Market Stats

BUYER's MARKET???
DOM are +10 days
avg sales price is DOWN $20,000
homes sold is the lowest since 2019 by a LARGE margin
High homes on the market
TIPS to sell: EXPERIENCED agent, professional photos, best agent with the BEST MARKETING PLAN, set expectations - contact us today!
Posted in Market Updates
Jan. 17, 2023

December 2022 Market Stats for Huntsville

The inventory dropped from 3.1 to 2.8 months. This is a slight improvement. Bottom line, homes can still sell quick with the right team! Interested in finding out more or curious about your home value? Reach out to us today!!

Posted in Market Updates
Dec. 15, 2022

huntsville market stats

Check out these stats. Buyer market, 3+ month inventory. Depending on your home, still a good time to sell. Want to buy, we can negotiate again! reach out if you have questions!!

Posted in Market Updates
Dec. 8, 2022

SAVE 50% on licensing

COMING SOON - DEC 12 50% OFF SALE

GET LICENSED FOR $157!

More details coming soon!

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Posted in Education
Nov. 28, 2022

50% off

Cyber Monday deal! Get your realtor license OR mortgage license for 50% off!
Good through 11/30!
www.carnivalschoolofrealestate.com

Posted in Education
Nov. 19, 2022

October 2022 Market Stats

Inventory is up!
#homessold = Down
#DOM = unchanged!!
#Salesprice = HIGHER!
#Rates are down!
Some good and bad. Overall, the market is steady.
Let us know if you want free market reports every month!!!
Posted in Market Updates
Aug. 24, 2019

Your Morning Routine

So, whatever you goals are in life, what is your morning routine?

This is a great question for any goal, spiritual, physical, work related, etc.!

Do you pray, read God's word, go to they gym, run, do your hour of power?

Whatever it is, fix it on your calendar!

 

Here are some great ideas for your morning goals for real estate, do them everyday, track them, 

1. HOUR OF POWER - this is non-negotiable. Set your goals on touches per day, and make those calls.

2. GAIN MARKET INTELLIGENCe - expireds, cancelleds, withdrawns, market stats, etc. Know your numbers.

3. SET APPOINTMENTS - find someone to meet, have coffee with, do a presentation, help someone else meet their business goals.

 

Here are some good things to do every once in a while:

1. Last time you reviewed your marketing plan?

2. Review your business plan, are you on track?

3. Reminder, you, as an independent contractor, are running your own business!

4. Improve your toolset.

5. Read a new script.

6. Review new legs of business.

 

Here is a video that sheds some light on these items!

 https://youtu.be/hwdlFW89xXk

June 21, 2019

Motivation 3: Fear of Failure

Image result for fear of failure

In our ongoing, short series, Tom Ferry continues that Agents FAIL because of:

3. Fear of Mistakes & the Desire to Look Good

There’s a lot of vanity in real estate, which can lead to people shying away from anything that might paint them in unflattering light.

But you can’t be afraid to make mistakes.

Mistakes are how wisdom is gained.

Accept that it’s okay to make mistakes.

Try new things, see what works, learn from what doesn’t, and always keep moving forward.

The more mistakes you make, the more you’ll bridge that gap between knowing and not knowing.

 

My comments:

I do agree that there is 1) lots of vanity and 2) lots of "that is how I always have done it".

Followed with new agents on "deer in the headlights". I don't want to screw up, or I don't know what to say.

JUMP IN!

Make that phone call, knock on that door, ASK for that referral, etc.

What is the worst that can happen?  You don't get the client.

BUT WAIT!  You didn't have the client anyway! So you have nothing to lose.

Go For It!

June 15, 2019

Balch Road Luxury Apartments

  • No keys = phone keys or keycards
  • Electronic parcel lockers
  • On the go
  • Luxury apartments = $38.2M Development
  • 258 Units
  • Near Huntsville Hospital Heart Center