Our market keeps getting better and better for sellers. Homes are now selling for 5% more and 33% more quickly than last year.
The Clarksville real estate market continues to be very strong. We’ve had some big changes in the last year and even in the last week. These are the trends you need to know about:
Closed sales are up from 1,777 in 2016 to 1,949 right now. This 9.68% increase is another good sign. Inventory is down from 1,491 at this time last year to 1,021 right now. That’s a drop of over 31%. The average sale price is up to $178,500 from $169,000, a 5.5% increase. The average days on market have dropped 32.86%, from 70 days to only 47 right now.
What does this all mean for you? As you can see, we are definitely in a strong seller’s market. We will talk more about this in our next video and how you can take advantage of the conditions. If you have any questions in the meantime, give us a call or send us an email. We look forward to hearing from you soon.