It's Still a Seller's Market in Clarksville TN
The answer to the question is it depends on several things. Is your home priced right? Do you make it easy to show? Is your home is good, showing condition? What is your competition and what does the other market inventory? Will you be open-minded when a offer comes in?
Clarksville's housing market has been very active and we have been in a seller's market for almost a year. Buyers have not been able to negotiate much but the market is changing. We are now seeing homes sit longer on the market with average days on the market for active current listings increasing to 66 days. Over the last 90 days of closings, the average days on market was 35 but that reflects a time of less inventory and an early spring market.
Remember, neighborhoods vary and each home can be different. It is still wise for buyers wanting a new home to have their financing in place and be ready to make a good offer when they see something they like. Prices in the last 6 months have increased 2-4%.
There is currently a little over 2 months of inventory. As we move closer to fall and with school starting in 10 days, the market may slow down even further.
Sellers should get their homes ready now because waiting will have a price. Buyers recognize when homes are in great condition and priced right for the market. They don't want to miss out.
Today there are 1041 listing on the active market and with over 300 sales per month, that means inventory will last almost 90 days. Sellers, this is a good time to list your home. Buyers are still actively looking and want to buy now while rates are still affordable.
How Long Will It Take to Sell My Clarksville TN Home in July 2018?
This is provided by The Real Debbie Reynolds. For current real estate inventory in Clarksville TN, click here. 931-320-6730.
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