Dyersburg,Tn 38024
The results for the real estate market in Dyersburg and Dyer County is mixed according to the latest numbers provided by the Dyersburg MLS.
For the period from Jan1 to July 1 of this year, there were 284 listings with 155 of these sold(54.58%). For the same period last year there were 438 listings with 188 of these sold(42.92%). This reflects an increase of percentage sold of about 11.5%.
Last year the sale price/list price ratio was 95.42% verses this year of 94.61%. I believe this in part reflects perhaps more foreclosures in the numbers this year. Last year the average days on market was 114 and this year it is 144 which reflects a longer time for homes to sell.
Last year the average sales price for solds was $118,983 and this year is $107,146. This also is a reflection of the foreclosures in our market.
These numbers do not include anything but single family homes in Dyersburg and Dyer county. The commercial market including multifamily has been doing very well compared to last year.
The surrounding counties also in our MLS are not doing as well as Dyersburg and Dyer County but are not reflected in the numbers up above.
Copyright © 2008 By Mike Frazier, All Rights Reserved. *Real Estate Market Conditions for Dyersburg,Tn for month ended July 1, 2008*
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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