Montclair Brentwood TN Home Sales for May 2011 provided by Tammie White:
- Properties currently active on the market in Montclair: 9
- Single-family properties closed in May 2011: 4
- Average sales price: $659,975
- Average list price: $680,825
- Sales price to list price ratio: 97%
- Average days on the market: 55
- Sales currently pending: 1
- Montclair absorption rate: 2 months of inventory (anything under 7 months of inventory is considered a seller's market, above 7 months is considered a buyer's market).
Montclair is definitely in a seller's market. Of the 9 homes currently active, 3 have contracts on them that haven't been moved over to pending yet. That means there are only 6 homes available. With 4 homes closing last month there is only 1.5 months of inventory. If you are looking to sell your Montclair home, NOW is the time.