Huntsville Apartment Oversupply | Are there too many apartments in Huntsville? New report looks at the boom

Are there too many apartments in Huntsville? New report looks at the boom Huntsville’s apartment boom has led to an oversupply of units in the fast-growing metro area, according to a recent report. We got ahead of ourselves. ...“Huntsville is currently overbuilt with apartments, and until that excess supply is absorbed, we’re going to see a slowdown in new multifamily construction,” Realtor Matt Curtis added. “ We’re seeing the effects of oversupply — one to two months of free rent incentives, declining rents, and higher vacancy rates. That’s not a climate where developers are eager to build. ...“Occupancies are down, values are down, expenses are up,” Wilson said ” Reference: www.al.com
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Home prices are falling in north Alabama, but not in Huntsville

Home prices are falling in north Alabama, but not in Huntsville

It was cheaper to buy a home in March throughout much of north Alabama. But that was not the case in Huntsville, according to VallleyMLS data released by the Huntsville Area Association of Realtors earlier this week. The average sales price in the Huntsville market – which includes the city of Madison and Madison County – rose 10.5% over March 2022, compared to the rest of HAAR’s coverage area, which fell by 2%, or by an average of about $2,000.

Reference: www.al.com

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