market trends: Middle Tennessee Home Sales Continue to Recover!
- 03/09/13 12:15 AM
Middle Tennessee Home Sales Continue to Recover! The Greater Nashville Association of Realtors recently announced that though February sales increased 18% in 2012 compared with February of 2011, it was a decrease from the average of 24.6% that most months have shown! It's the most homes closed in February since 2008. There were 1,784 closings compared to 1,515 last year. March is predicted to be an especially good month as there are already 2269 homes pending! Inventory levels are down 14.3% compared with this time last year. This would be a strong reason for the 9.4% increase in the … (5 comments)
market trends: Just as Things were Looking up, Things are Looking Down
- 03/21/12 06:29 AM
Just as Things were Looking up, Things are Looking Down! We have seen weeks of positive reports, blogs and media on how the economy is truly showing signs of improving. This morning on the front page of the business section the title was: Housing Market May Get Hit Anew! It says that we can expect to get hit with a Second Wave of Foreclosures in 2012. In 2010, 35% of home sales were foreclosures. In 2011, that number dropped to 11% due to the foreclosure scandal facing the larger mortgage banks. RealtyTrac's Daren Blomquist says we could … (13 comments)
Founders Point Sales of Homes in Franklin TN - Market trends for 2008 Sales of Homes in Founders Pointe were down 10% in 2008 over 2007 sales. The average sales price was up about 2%, but the Days on the Market were up over 60 days. The numbers are as follows: Number of Homes sold in 2007 : 22
Number of Homes sold in 2008 : 20 Average Days on the market in 2007: 49
Average Days on the market in 2008: 63 Average Sales Price 2007: $312,548 Average Sales Price 2008: $318,725 Founders Pointe has mostly bucked the trend in … (2 comments)
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 … (5 comments)
Sales of Homes in Nashville TN ‘s Holt Woods Subdivision were down 50% in 2008 over 2007 sales. The average sales price was not down but the Days on the Market were up over 30 days. The numbers are as follows: Number of Homes sold in 2007 : 31 Number of Homes sold in 2008 : 16 Average Days on the market in 2007: 41 Average Days on the market in 2008: 76 Average Sales Price 2007: $218,900 Average Sales Price 2008: $218,079 Just looking at the average Sales Price is very misleading in this case. Only 2 homes … (0 comments)
Middle Tennessee Home Sales Continue to Recover!
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