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Housing market in Madison County remains strong amid pandemic

North Alabama has been pacing above national trends for several years.

Posted: Dec 31, 2020 6:45 PM
Updated: Dec 31, 2020 6:54 PM

While the pandemic has affected a lot of industries negatively, one, in particular, seems to be doing just fine in Madison County.

That is the housing market.

In fact, in 2020, the average number of days a house was on the market was 26. That is down from 43 in the previous year. Nearly 8,500 hundred homes were sold this year.

"The houses were in a very quick turn-over time when we came out here," Buyer Megan Kannenberg said.

Like many people moving to Madison County, it was the job that brought both Kannenberg and Fernando Reyes to the area.

Both bought homes within this pandemic. What they did not expect was how competitive the market would be.

"Once you try to go see a house and viewing, usually the seller tells you they already have more than one offer," Reyes said.

The reality is, homes are going quick. North Alabama has been pacing above national trends for several years. Just in November, 729 homes were sold.

"This year, even with the pandemic, it has been crazy busy. We're still selling homes," Zelda Friedman with the Huntsville Area Association of Realtors said. "People are still moving into the area. Jobs are still available, and as long as jobs are available, people are going to move. So, that's what is really driving our market right now."

Friedman said it is a perfect time for people to sell their homes since not enough new homes are being built to keep up with the demand.

"I do know that some communities have waiting lists that are not finished. I do know that we still have buyers moving into the area that are wanting homes," Friedman said.

For Reyes, he moved here a year ago. He wanted to take his time looking at the market. He ended up choosing to go with a new build that will be ready around April.

"If you're not in a hurry, that'd be the better option," Reyes said. "I'm not in a hurry."

For the Kannenbergs, the couple was coming from Colorado and did not want to wait. They knew they wanted to buy a home rather than rent and had to move quickly.

"The house that we ended up buying had been on the market for two weeks," Kannenberg said. "Which is a really long period of time for most of the houses, which are going in less than five days."

Both said while it was stressful at the time, it is important to do your research, find a reliable Realtor and act quick when you can.

"My other piece of advice, just have fun," Kannenberg said. "It's a really fun process to kind of, you know, purchase a house and imagine yourself living in a different place. It's just really fun and can be a really enjoyable process."

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Alabama Coronavirus Cases

Cases: 439442

Reported Deaths: 6657
CountyCasesDeaths
Jefferson644371007
Mobile31435569
Madison28158217
Tuscaloosa21492275
Montgomery19873332
Shelby19248132
Baldwin17128189
Lee13137107
Morgan12594142
Etowah12070181
Calhoun11496206
Marshall10420123
Houston8988164
Limestone832081
Cullman8257124
Elmore8183110
DeKalb7871107
Lauderdale7847107
St. Clair7808130
Talladega6445112
Walker6028183
Jackson599145
Colbert548694
Blount546286
Autauga535862
Coffee460764
Dale409685
Franklin374150
Russell354215
Chilton344373
Covington338580
Escambia334544
Tallapoosa3143109
Dallas312996
Chambers303470
Clarke298036
Pike262431
Lawrence253355
Marion253161
Winston233342
Bibb222348
Geneva210247
Marengo208231
Pickens199531
Hale184944
Barbour180538
Fayette177829
Butler173160
Cherokee165131
Henry159525
Monroe152021
Randolph145536
Washington141727
Clay129746
Crenshaw123745
Macon121937
Cleburne121525
Lamar119922
Lowndes114836
Wilcox107922
Bullock103328
Perry99918
Conecuh97822
Sumter90527
Greene77923
Coosa63418
Choctaw51924
Out of AL00
Unassigned00

Tennessee Coronavirus Cases

Cases: 705876

Reported Deaths: 8819
CountyCasesDeaths
Shelby783871172
Davidson72746692
Knox39988439
Hamilton35697337
Rutherford34042295
Unassigned23786134
Williamson22041144
Sumner18744232
Out of TN1629183
Montgomery15092149
Wilson14797164
Sullivan12932220
Blount12321133
Washington12148204
Maury11264131
Bradley1116398
Sevier10787121
Putnam10170152
Madison9309183
Robertson788687
Hamblen7213117
Anderson6983114
Greene6749115
Tipton636869
Coffee576982
Gibson5739116
Dickson557082
Cumberland554476
Bedford543091
Roane532481
Lawrence522169
McMinn520374
Carter5191116
Warren510455
Loudon506351
Jefferson493378
Dyer485286
Monroe470363
Hawkins458672
Franklin422865
Fayette412651
Obion405882
Rhea390657
Lincoln387246
Marshall356538
Cocke355760
Cheatham348531
Weakley345148
Henderson337059
Campbell336440
Giles332476
Carroll317160
White316946
Hardeman314754
Hardin305450
Lauderdale298834
Macon293951
Wayne270124
Henry267858
Overton259546
McNairy247142
DeKalb247042
Haywood245047
Marion235332
Smith234830
Trousdale230715
Scott229732
Hickman228935
Claiborne227432
Fentress216734
Grainger216039
Johnson205034
Morgan194616
Crockett183138
Bledsoe178011
Chester178039
Unicoi170045
Cannon161420
Lake158421
Decatur148828
Polk148517
Union144725
Grundy143122
Sequatchie141119
Humphreys137217
Benton133835
Lewis130921
Meigs118216
Stewart111220
Jackson105923
Clay96526
Perry95925
Houston94824
Moore8349
Pickett69020
Van Buren6738
Hancock4187

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