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Record low number of houses on sale in Madison County

Houses are going fast in Madison County, and new development is struggling to keep up with the growth.

Posted: Jan 8, 2020 8:57 AM
Updated: Jan 14, 2020 3:29 PM

The number of homes listed for sale in Madison County is at a record low. Fewer than 1,000 homes are listed for sale right now. 

For Chad Ayinde and his wife, finding a home was a challenge. The couple moved to Huntsville from Baltimore. They quickly got paired up with an agent with Amanda Howard Sotheby's International Realty.  

"They were disappearing as quick as we could find them," Ayinde said. 

Like many, work brought the Ayindes to Huntsville. 

"I think we looked at 13 houses," Ayinde said. "In the 13 houses we looked at, we actually had about five of them come off the market."

It is a problem more than a year in the making. A couple from Florida WAAY 31 spoke to told us they found it difficult a year ago.

"Houses were selling before we were even looking at them," the couple said. "So, it's got to be worse now."

Cindi Peters-Tanner with the Huntsville Area Association of Realtors said houses are not being built fast enough because there is not enough developed land. 

"So you actually need to develop that land before it can be built on," Tanner said. "And you need skilled workers and there are a shortage for those as well."

It is causing a domino effect in the market. Many people who are looking to sell their home and buy a new one are hesitant. 

"A lot of people can't put their home on the market until they find what they want to buy," Tanner said.

Houses are selling for more. She said the solution to the shortage is to continue encouraging people to put their house on the market. 

"We're trying to focus on the shortage of inventory and trying to talk to our people and our sellers in the market and letting them know it is a good time to sell," Tanner said.

For Ayinde and his wife, the stress was worth it.

"I would recommend this state and more directly this city to anybody," Ayinde said.

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Alabama Coronavirus Cases

Confirmed Cases: 41362

Reported Deaths: 983
CountyConfirmedDeaths
Jefferson4532143
Montgomery3875102
Mobile3797134
Tuscaloosa210739
Marshall162210
Lee124537
Shelby110923
Madison11047
Morgan10203
Walker87123
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Tallapoosa57269
Autauga55312
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Russell5030
Lowndes45820
Lauderdale4576
Houston4464
Limestone4290
Cullman4114
Pike4075
Colbert3775
Bullock3649
Coffee3592
Barbour3331
Covington3327
St. Clair3192
Marengo29911
Hale29621
Escambia2936
Wilcox2848
Talladega2827
Calhoun2805
Sumter27912
Clarke2686
Dale2620
Jackson2522
Winston2373
Blount2181
Pickens2176
Chilton2152
Marion20613
Monroe2052
Choctaw19212
Randolph1889
Conecuh1866
Greene1788
Macon1778
Bibb1761
Perry1541
Henry1303
Crenshaw1243
Washington1027
Lawrence1000
Cherokee797
Lamar711
Geneva700
Fayette671
Clay612
Coosa571
Cleburne301
Out of AL00

Tennessee Coronavirus Cases

Confirmed Cases: 46890

Reported Deaths: 620
CountyConfirmedDeaths
Shelby10765195
Davidson10125115
Rutherford273335
Hamilton257730
Sumner150752
Trousdale14905
Williamson114814
Knox10225
Out of TN10098
Wilson85917
Putnam8147
Robertson80111
Sevier7333
Lake6900
Tipton6205
Bledsoe6181
Bradley6043
Bedford5205
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Montgomery5137
Macon4213
Hardeman3143
Maury3113
Fayette3012
Hamblen2964
Rhea2740
Loudon2711
Madison2642
Dyer2321
Cheatham2201
McMinn21817
Blount2053
Dickson1940
Cumberland1744
Lawrence1435
Lauderdale1362
Monroe1365
Washington1340
Jefferson1210
Coffee1150
Gibson1101
Obion1062
Anderson1052
Hardin1037
Smith1031
Sullivan1012
Greene862
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Haywood812
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Marshall741
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Marion674
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Overton581
DeKalb570
Carter561
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Hawkins552
Unicoi550
Roane500
Henry420
Campbell411
Polk410
Carroll401
Grainger390
Henderson390
Johnson380
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Crockett323
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Perry310
Sequatchie290
Chester260
Humphreys261
Jackson260
Morgan241
Decatur210
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Fentress190
Clay160
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Union150
Houston130
Benton121
Moore100
Lewis70
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Pickett60
Hancock30

 

 

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