Survey: Huntsville real estate most affordable in Alabama
Huntsville has been ranked Alabama’s most affordable residential real estate market in Coldwell Banker LLC’s 2007 Home Price Comparison Index.
The study looked at 2,200 square feet, four bedroom homes in 317 American markets. The average price of such a home in the Huntsville market was $212,183. That price was $232,375 in Mobile, the state’s most expensive residential market, which makes a total gap of $20,192.
“The real estate market has certainly changed over the last year,” Coldwell Banker CEO Jim Gillespie said in a statement. “I continue to point out that we cannot make national blanket statements about appreciation and inventory. Real estate is a local business, with each market having its own story to tell.