The Clarksville market is heating up and it’s as busy as ever. Each time I look, the inventory goes down and the market gets busier. As of March 27, there were 844 houses for sale on the market.
I’ve been working in Clarksville real estate since 1992, and that’s the lowest level of inventory we’ve ever had. The amount of available listings is down from 1,135 at this time last year. That’s a 25% drop! This means we are in a true seller’s market right now.
As far as closed home sales go, we’re up almost 10% from this time last year. We closed 857 last March and 942 this March.
The average list price in Clarksville right now is $186,000. This is up 7% from the $173,000 average that we saw last year. We can list a house for anything, but what did it really sell for? The average sale price is up to $184,000 from $171,000 last year. We had a flat market for a long time, but since December 2015, our market has been creeping up to where it is now.
The average days on market has dropped about 24% to just 54 days. Anything listed under $100,000 is selling extremely quickly, but the hottest market is actually between $100,000 and $240,000. If your home is in immaculate condition and priced right, it will sell quickly and for a great price.
If you have any questions for me about the market or have any questions about buying or selling a home in Clarksville, don’t hesitate to reach out and give me a call or send me an email. I look forward to hearing from you soon.