Absorption Rate, Clarksville TN Homes

By
Real Estate Agent with Prudential PenFed Realty 291704

Currently there are 1773 homes for sale in Clarksville TN. Through the last three months the average of homes sold each month is 262 homes. This means we are selling 15% of our inventory each month and we currently have 6.77 months on homes in our inventory. The definition of a buyers market is when the inventory of homes in an area is above 6 months. A sellers market is defined as an inventory of less than 6 months of homes.

Based on these numbers Clarksville is in a slight buyers market, and we are seeing sellers paying slightly more in concessions to the buyer. For the average home in Clarksville (prices between $135,000-$185,000) the average number of days on the market is 107 and sellers are getting 99% of list price.

As the Ft. Campbell troops begin returning for their deployment between October and January we will see the inventory come down and a return to a more even buyer/seller market. These changes could start to take place as early as late September as many military buyers will try to beat the flood of troops returning by buying online, and having a friend or family memeber preview the home for them.

If you have any other real estate related questions for the Clarksville Area please give me a call at (931) 801-8660, email me at cblack@realtracs.com, or visit my website www.homeclarksville.com to search all homes on the MLS.

 

Comments (0)