Often times the Decatur Alabama Real Estate Market takes a back seat in the press when compared to our nearby neighbor; Huntsville. Yes Madison county is a larger market even when compared to the combined Limestone and Morgan county markets, however our real estate market has often outperformed our larger neighbor to the east; especially over the last few years during the current financial system turmoil.
Just such an example can be found in the recent Federal Housing Finance Agency’s home price index report, where the Decatur Al Metro Area topped the national list of best performing housing markets ranking 6th in the country, yes ahead of Huntsville which was ranked 8th. While last years annual Decatur Home Price Appreciation was small at 0.23% it was enough to rank our market among the best in the nation and the 5 year appreciation rate of 17.93% represents a very good long term perspective of Decatur Al Home Prices.
If you look closely at the above Decatur Alabama Housing Prices chart, which covers a 4 year period, you will note that despite the national housing crisis of the last few years, Decatur Home Prices have continued a steady, yet moderate, appreciation trend upward.
Wondering what your own home is worth on today’s market or even if you’re considering buying a new Decatur Home please visit our Recently Sold Decatur Homes page to search recent hyper-local home sale prices. Better yet, before listing your home on the market or making an offer on a new home contact us for a professional Comparative Market Analysis or simply give me a call 256-340-0004 and let’s talk current home prices.
- Jason
