The year ended on the down side...no surprise there!
Our local sales volume is still down. No question about it! On average about 30% down from this time last year.
Barkley area has a historically low inventory right now. With 109 homes sold in the last 6 months and only 69 homes on the market, one would think it was a sellers market in the Barkley area!
However, already this month things are picking up! Buyers are coming off the fences. Low rates, tax incentives, great prices...the perfect storm for buying real estate!
If you are thinking about selling, and your home value is under $300,000 now is the time to get out there. $275-$300,000 is the magic range for rural housing and 1st time home buyer funding. The only sources left for 100% financing! Buyers who qualify but don't have the 20% down are looking to these programs to help them get into a home of their own.
If you would like more in depth information, stats specific to your neighborhood, or 100% financing information just send us an email. These stats are for residential only, provided by the NWMLS
| Residential Only | |||
| Total Active Listings |
1298 |
435 |
69 |
| Med. List Price |
$331,500 |
$399,000 |
$350,000 |
| Avg. Days on Market |
140 |
137 |
121 |
| Total Pending/Sold |
1198 |
532 |
109 |
|
Med. Sold Price |
$276,000 |
$299,000 |
$289,950 |
|
Avg Sold Days on Market |
98 |
110 |
78 |
| Total Sold Same Period last yr. |
1664 |
750 |
125 |
|
AVG Sold Price - |
$290,000 |
$317,000 |
$305,000 |
| AVG Sold Days on Market Same period last yr. |
98 |
88 |
92 |
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