Atoka Tn homes---- what is the market doing in this area?

Real Estate Agent with RE/MAX RIGHT WAY
Well the housing market has been rather slow the last six months but I think that is about to change. Even with the increase of activity greatly in the last week we are still in a buyers market. What does that mean to our area? Mainly the fact that the buyers have way to many houses to choose from. Are sellers willing to take a little less---most definetly but not as little as people think that come out of different areas. People need to keep in mind that our home prices are already alot lower than other parts of the country. So our houses didn't balloon like places such as California and Flordia did. Our homes went up and price as far as the cost of material, cost of lot cost, and labor wages increased. Most of the builders in Atoka will tell you their paychecks did not go up. So yes they will come off more money then they would have last year but most people can't afford to bring money to the closing table. Now is the time to buy becomes the supply is up and demand is low which is always a plus for a buyer. Don't wait too long though because the spring season is here and we are seeing more and more activity.   

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