Indications of a Changing Market

Hi Debbie- even though I'm not an agent, I like reading the different reports from around the states. This also is the kind of information that your sellers as well as buyers are looking for!!!

Hi, Debbie...there has been lots of hints about potential changes in the real estate market in various national media. What's important for Sellers and Buyers in Clarksville, TN to know is that when they work with "The Real Debbie Reynolds" of Century 21 Platinum Properties, they are getting a REALTOR with the experience and knowledge who can help them stay current on what's happening in the local market. Hopefully, Sellers and Buyers recognize that they do not want to lose money by leaving their house on the market at a too high price, nor do buyers want to make offers that don't lead to their success. Debbie Reynolds, you can help all of them achieve their goals!

Debbie, this is a great post and very informative. Sellers have been singing the sky is falling tune in our area for about a month and it's just not as bad as they feel. What happened this spring wasn't sustainable nor should it be. Pricing a home correctly and properly presenting it along with hiring the right agent is still the recipe for success and in Clarksville you are the best agent to contact. 

Great analysis, Debbie Reynolds .  We are seeing the same in our market as well.

Good Thursday morning, Debbie.

Have a great day and a most productive week.

Hi Debbie

We have seen many of the same changes - perhaps I need to summarize what's happening in our market as you have done so well here! It's not consistent across all communities and price points but there is certainly more inventory, and longer days on market. And there seem to be more open houses as homes are sitting on the market longer.

Jeff

Location, Location, Location - absolutely true here in NC.  Flood Insurance is likely to go up!

Very smart advice.  I'm seeing days on market tick upward slightly in a lot of areas.  Prices are still rising and inventory is increasing as fall approaches.  Your buyers are wise to listen to your advice as I bet you're seeing these same changes!  

                                          Thank you Debbie. 

Hi Debbie, the laws of supply and demand work in real estate as well.  Regional differences show slightly different metrics but I think in general there is a bit of a softening.  
I still think there are more buyers than sellers out there due to a nearly 10-year interruption of the 'normal' cycle.

I understand nearby Nashville and its environs had been going gangbusters.  Is that area also starting to take a breath?

Thanks for the market update from your area!  

Unless your home is grossly overpriced it is going to sell Debbie Reynolds  or at least get low offers . In our area we have a sever lack of inventory 

Seems like the one thing constant in real estate is that there WILL be change.

Hi Debbie- I have been reading a few posts recently about market adjustment.    But have read differing theories of what’s next. 

Sales start to slow down after August in my area. Our inventory stays about the same all year round. Never really high!

The market is shifting ever so slightly in my market too, Debbie. Thanks for sharing your insight into the Clarksville market, and congrats on being featured in this week's "What I Learned" segment.

We can expect an annual shift in our market which may make Selles nervous at times but all in all it's our normal State of affairs here excluding lessened inven-tory. Here via Kathy Streib 

This is great information for people in your market! 

The real estate market is always changing. We need to keep our finger on the pulse of our local areas!

Very smart advice to be mindful of market changes.  Home buyers and sellers can feel confident when working with you!  

People's memories are short lived. I remember car interest rate was a mere 1% to get the sales going. Now it is about 4.5% and there is no slow in car sales.

When you have 15 offers for an average home, buyer tells you they want forfeit their $5000 rental deposit to buy your listing something tells you the market is irrational.   We are back to rational traditional market. Local labor market unemployment rate is 1.5% freeways are still  jam packeted. Open house does not have the crowd as before..... Homes are still getting sold with a mind set.

By far more homes are coming on the market or having price changes than are selling in my market place.   Looks like slow going for the rest of this year...