Belated greetings in the new year! While we’re all hopeful that a return to normal will come sooner rather than later, we’re nevertheless excited for another strong year in real estate. With only 356 active properties, our Montgomery County market is as hot as ever. Prices are climbing still, and sellers are fetching 99.79% of their listing prices on average. Right now, there are only five homes available for sale within the $100,000 to $150,000 price range, with nothing available below that.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message, or use these timestamps to skip to topics that interest you most:
1:26 — Inventory is low; there are far more new construction homes available than resale
2:03 — Days on market is down to 25 days from 45 last year at this time; list-to-sale price ratio
3:04 — Buyers have to make their absolute best offer first just to compete out there
3:45 — The fastest-moving price points in our Clarksville market
5:35 — The latest national average for interest rates according to Freddie Mac
6:08 ― Wrapping up today’s market update
I hope this information was helpful to you. Please give us a call or send an email if you have questions about the market’s trajectory or any specific real estate topic. It’s our pleasure to assist you with all your selling and buying needs. We’d love to hear from you soon.