7 Signs the Market Is Beginning to Change

Reblogger Kathy Streib
Home Stager with Room Service Home Staging

Market reports are something I've learned to read just to find out what is going on around the country. While informative, lots of numbers and charts aren't always that interesting. Debbie's post does such a good job of explaining what's going on and why. 

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 

                 

 Google Plus       Follow me on YouTube       

  

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Groups:
Realtors®
The Lounge at Active Rain
Almost Anything Goes
Addicted to Active Rain
Bartender, Make it a Double
Tags:
reblogs

Spam prevention
Show All Comments
Rainmaker
3,851,287
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Good things to watch for but so far my area has not changed much

Aug 05, 2018 08:21 PM #1
Rainmaker
2,960,566
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Kathy, I believe too much focus is put on by the media, that the market changing not so sure we are there yet, never the less this is a good way to check it. Endre

Aug 05, 2018 10:44 PM #2
Rainmaker
680,463
Norma J. Elkins
Elite Realty Group - Morristown, TN
Realtor - Elkins Home Selling Team

Keeping up with the market trends is something my son does for our entire office and then updates us at our weekly sales training.  It is something you should know.

Aug 06, 2018 07:16 AM #3
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
3,580,192

Kathy Streib

Home Stager - Palm Beach County,FL -561-914-6224
Have a question about Home Staging?
*
*
*
*
Spam prevention

Additional Information