7 Signs the Market Is Beginning to Change

Reblogger Gabe Sanders
Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

I see and hear lots of rumblings that the market is changing.  Though, real estate remains local.  How's your market doing?

 

Original content by Debbie Reynolds TN Broker: 208698

Clarksville, Tennessee's Market Is Changing

Homes for saleThis past year the market has been crazy and homes have not been staying on the market but a few days. Multiple offers became the norm and though that is still the case in many situations and neighborhoods, there are other listings that are beginning to market age and need price corrections.


Some sellers are asking why their homes are not selling and the answer is that buyers are not paying over-market prices any longer. Most buyers need financing and in Clarksville that financing is typically government financing. Appraisals have begun to come in under sale prices and buyers are not agreeing to pay the difference. This is forcing the seller to adjust the price downward. The word is getting out and it is changing the market.

 

Builders responded months ago to the inventory shortage and have been building like crazy. The inventory is growing. Buyers that want a particular home must still move fast and be ready to make a strong offer but there are now new finished homes for the picking.

Check out these other signs that the market is beginning to change from a sizzling hot market to just hot.

  1. Market inventory has increased in the last 2 months by 11%. There are over a 1000 active listings up from 890.
  2. Some sellers that haven't sold are pulling their homes off the market to rent them.
  3. I have started seeing selling bonuses added to boost sales.
  4. Agents are having more broker opens. These weren't necessary over the last few months.
  5. Price reductions are being announced and that means sellers need offers.
  6. REO and Foreclosures were selling in a day or two after hitting the market. Prices climbed and now investors are not as willing to pay those top prices and pay over listing prices. Rehab costs have skyrocketed.
  7. Days of the market has increased by several weeks to nearly 3 months now.

We are in the selling season, sales should be at their best but these signs mean a cooling is beginning to take place. It is time to be watchful and start looking closely at the market in Clarksville. Buyers may begin to have more choices and opportunities.

For real estate in Clarksville TN, contact The Real Debbie Reynolds at 931-320-6730.

 Centruy 21 Platinum Properties2130 Wilma Rudolph Blvd.

Clarksville, TN 37040

When you need Real Estate services in Clarksville TN

                  it would be my pleasure to assist you!                             

Debbie Reynolds
"The Real Debbie Reynolds"

Check out all Clarksville TN Real Estate on My Website

                   
                   
931-771-9070 Office | 931-320-6730 Cell

Clarksville TN Homes 

                 

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Rainmaker
2,751,479
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Gabe I hear the same rumblings and all I can say diplomatically is that it is hogwash.... I  see properties sitting because the agent does not market it... I see properties because the agent over priced it.... but let me tell you I was in multiple offers on one of my vacant lots... three offers... well marketed , well priced... so all I can say is hogwash...Endre

Jul 06, 2018 11:03 PM #1
Rainmaker
2,751,479
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

No offense meant to my friend Debbie Reynolds but the last two market changes took place in Los Angeles two years ahead of the rest of the country and we are still on fire, so with that said you all have two more years before this type of concerns need to be address. False ALARM, Endre

Jul 06, 2018 11:09 PM #2
Rainmaker
2,784,165
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

That condition will differ in every market and in different neighborhoods and price ranges..wise agents keep an ear to the ground and an eye on the market.

Jul 07, 2018 02:18 AM #3
Rainmaker
4,045,679
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for reblogging the post. I missed reading the original one.

Jul 07, 2018 04:00 AM #4
Ambassador
1,455,346
Jim Crawford
RE/MAX Paramount Properties - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Thank you for taking the time to prepare and share this vital information.  It's most informative, and exactly the type of information that buyers and sellers need to make informed decisions.

Jul 07, 2018 06:46 AM #5
Rainmaker
4,648,367
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Thank you very much, Gabe, for sharing your excellent reblog selection.

Jul 07, 2018 04:33 PM #6
Ambassador
3,718,133
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Yes we are seeing signs and paying really close attention to the market and prices. Thanks for the reblog, Gabe.

Jul 07, 2018 07:20 PM #7
Rainmaker
475,498
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

I have not experienced this issue but I will certainly keep my eyes open for the signs. Thanks, Gabe.

Jul 10, 2018 03:43 PM #8
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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