Over the last 24 months or so Dyersburg has experienced a housing slump which hit bottom about 2 months ago.
Activity has really increased in the last 2-3 weeks. We have had houses listed (that are priced right) that are starting to get offers and sometimes more than one at a time.
Almost all of my agents are busy showing properties and writing offers and many of these offers are legitimate offers that most of the time can be negotiated.
I will agree that there are some price ranges that are still slow ($150,000-$200,000) but for the most part I really believe the market is starting to revive in the Dyersburg,Tn market.
The reasons I believe our market is turned is:
- interest rates at historic lows
- The current tax incentive for homebuyers
- People are not as scared of the economy
- Industries here still doing pretty well
- House prices at values 6-8% below last year's prices
- Many people still relocating to Dyersburg for jobs
- Houses in other areas starting to sell so relocating people can now purchase
- Our local hospital expanding and bringing in many doctors, nurses and technicians
- Dyersburg is a great place to live and work
- Tennessee's tax structure is favorable(no state income tax)
I have been looking for the day to announce that the Dyersburg,Tn market has turned the corner! In the coming weeks I will provide some hard numbers to confirm my findings.
Mike Fr
azier and his team can be reached at 731-285-2277. They are both listing agents and buyer's agents. We cover not only Dyersburg but surroundings towns of Newbern, Halls, Ripley, Tiptonville, Ridgely and Friendship(all in northwest Tennessee).
For unsurpassed customer service (second to none) contact Mike and his team today!
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Mike, it's great you think you hit the bottom there about January or so. Everything going good from here on out!! Good luck to you with your business.