Lynda Irons and I study the market rather regularly and we came up with the following table of statistic from information that we gathered from the Middle Tennessee Regional Multiple Listing Service and figured it would be of good use to our general public now that all the media is so intent on trashing the Real Estate Market nation wide.
Here is how we look in comparison of years past.
Year | # of Homes | % Change | Dollar Value | % Change | Average Sales Price | % Change |
1998 | 705 | ~ | $68,114,777 | ~ | $96,616 | ~ |
1999 | 2218 | + 32% | $214,710,804 | + 68% | $96,874 | ~ |
2000 | 2140 | - 4% | $211,759,851 | - 2% | $99,105 | + 2% |
2001 | 2119 | - 1% | $213,327,782 | + 1% | $100,673 | + 2% |
2002 | 2294 | + 8% | $247,491,686 | + 14% | $107,886 | + 7% |
2003 | 2481 | + 8% | $254,674,024 | + 3% | $111,998 | + 4% |
2004 | 4045 | + 39% | $470,457,572 | + 46% | $116,336 | + 4% |
2005 | 4064 | + 1% | $526,109,778 | + 11% | $129,456 | + 10% |
2006 | 2320 | -57% | $683,355,612 | +24% | $161,608 | +20% |
Just study the numbers and you can see the direction our market has taken.
Even if the number of transactions slow the prices are still on the rise. Our current raw data for 2007 is showing the same trends.
According to the Office of Federal Housing Enterprize Oversight http://www.ofheo.gov/ most recent report on housing appreciation has the Clarksville - Hopkinsville MSA head of Nashville-Franklin MSA in appreciative growth.
Sign up as a member and download the whole report and see how we compare to the rest of the nation Register here today and look it up in the Document Library as 2nd Qtr Report-OFHEO.
Let the facts dictate your next move in real estate not the national hysteria
Charles Pecka
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