| Polk County Tennessee Home Sales Report - January 2009 |
| Average List Price | $191,950 |  |
| Average Sold Price | $178,500 | |
| Average Days On The Market (DOM) | 279 |  |
| Total Number Of Homes Sold | 2 | |
| Total Dollars Value Of Homes Sold | $357,000 | |
| Homes Currently For Sale | 111 | |
| Polk County Tennessee Home Sales Report - January 2008 |
| Average List Price | $111,350 | |
| Average Sold Price | $107,750 | |
| Average Says On The Market (DOM) | 244 | |
| Total Number Of Homes Sold | 4 | |
| Total Dollar Value Of Homes Sold | $431,000 |
| Summary: This month when compared with the same month in 2008 shows an almost 17% decrease in the total dollars of real estate sold. If you look at it in number of homes sold it is down by 1/2. Clearly this is not a good report even though there are green arrows on the chart they are deceptive due to being on only 2 properties. What does this mean to you? If you don't need to sell then dont! If you need to sell and you get an offer (a chance to sell) then sell now and buy in an excellent buyers market. If you are thinking of waiting to see if the prices go down even more remember that for every 1% that interest rates go up you will on average have to be able to get the house for 9-10% less just to be at the same place you are today if you have to get a loan. Waiting isn't always better if you do the math. If you are a buyer this is your chance for great selection and great price leverage! Buy but get the home you want and buy good and then if you stay in it for a few years and you should do just fine if not very well. If you are interested in marketing your property or are looking for a good deal to buy then just give me a call. Craig Harding RE/MAX Rivergate in Ocoee TN 423-338-7300 or Direct at 423-650-4422 |
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