Raintree Forest Sales of Homes in Brentwood TN - Market trends for 2008

Sales of Homes in Raintree Forest were down 6% in 2008 over 2007 sales. The average sales price was down about 5% , but the Days on the Market were up over 100 days. The numbers are as follows:

Number of Homes sold in 2007 : 18

Number of Homes sold in 2008 : 17

Average Days on the market in 2007: 80

Average Days on the market in 2008: 106

Average Sales Price 2007: $510,266

Average Sales Price 2008: $492,152

Raintree Forest sales were not down a lot, nor did prices, on average, seem to drop significantly. However, of the 17 sales in 2008, only 2 homes closed after August. This is significant that the last 5 months of the year only saw 2 sales. With 8 homes currently on the market, that would give us a 16 month supply. Also the final 2 sales were on the market for much longer than the average and the list price to sales price ratio was reduced an extra 2 percent.

Since the big market upset in September and October, sales have slowed dramatically. Buyers are becoming more market savvy and are looking for deals.

With their beautiful walking trails meandering throughout the neighborhood, lovely pool and clubhouse, tennis courts, and numerous playgrounds, Raintree Forest remains one of Brenwoods' most popular subdivisions.

Brentwood TN Real Estate Market Report

Nashville TN Real Estate Market Report

About the author:

Connie Harvey is a Residential Real Estate Agent in the Nashville, Brentwood, and Franklin areas of Middle Tennessee. She is experienced in Listing and Selling all types of homes, assisting Buyers both local and relocating to Tennessee to find homes that meet your needs.

If you would like to see Homes in Nashville TN, Homes in Franklin TN or Homes in Brentwood TN, Visit her website at www.ConnieHarvey.com or email her HarveyC@realtracs.com.

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