Real Estate by Debbie Reynolds: Is Clarksville TN's Real Estate Market a Buyers or Sellers Market?

Is Clarksville TN's Real Estate Market a Buyers or Sellers Market?

Is it a Buyers Market or a Sellers Market in Clarksville TN?

Sellers MarketThe housing market in Clarksville TN has been slow in following the trends that ignited the markets across the country. We have a stabilizing force with the military population that has kept the market less volatile for the years following the Great Recession of 2007.

Even at the beginning of last year, 2016, the inventory exceeded 2100 homes with a general absorption rate of 8-9 months. Throughout 2016, the inventory began to drop as buyers interests increased and lead the way for a decrease of time and inventory on the market across the board.

Today, we are faced with a somewhat unique situation. The homes inventory is lower than it has been in years. In certain neighborhoods a home can go on the market and have multiple hours within a few hours. In other neighborhoods, a home may stay on the market for months without selling. It is specific to hot areas and neighborhoods and of course when the homes are in great condition and priced right for the market.

Today's active inventory is 1129. Based on sales over the last 6 months, this presents a 3-4 month inventory of homes and absorption rate. What does that mean? A 5-6 months of inventory is considered a balanced market. Less than that swings it to a seller's market.

With fewer homes on the market, sellers should be able to sell quickly this spring. The Clarksville Market has not seen a seller's market in almost 10 years.

It's a great market for sellers in terms of interest rates and rising home values.  With less competition, it's still about pricing the home correctly and having it in market ready condition. It's true that in some neighborhoods and with styles of homes that they are selling for more than list price. The buyers need to be prepared to pay the difference if the homes do not appraise at contract price if they do not have an appraisal contingency written into their offer. 

If interest rates continue to climb then it will be more difficult to get buyers to qualify to buy. But for now, the future looks bright for sellers and if the spring market is more active than the fall and winter markets have been, then inventory will continue to drop to dangerously low levels, pleasing sellers even more.

Is Clarksville TN's Real Estate Market a Buyers or Sellers Market?

The Clarksville TN Real Estate Market as of February, 2017 is a strong seller's market.

This is provided by The Real Debbie Reynolds. For current real estate inventory in Clarksville TN, click here.

 

 Centruy 21 Platinum Properties2130 Wilma Rudolph Blvd.

Clarksville, TN 37040

When you need Real Estate services in Clarksville TN

                  it would be my pleasure to assist you!                             

Debbie Reynolds
"The Real Debbie Reynolds"

Check out all Clarksville TN Real Estate on My Website

                   
                   
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Comment balloon 34 commentsDebbie Reynolds • February 24 2017 01:38AM

Comments

Hi Debbie Reynolds - You offer a good analysis of what is happening in Clarksville TN. right now.  Many areas are such as mine are going through a similar pattern and the Spring market should be very interesting.  It is our most active season.  

Posted by Sheri Sperry - MCNE®, (928) 274-7355 ~ YOUR Solutions REALTOR® (Coldwell Banker Residential Brokerage) over 1 year ago

With a strong sellers market in Clarksville TN, now is the perfect time for consumers to be calling Debbie Reynolds to represent them!

Posted by Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Condo & Home Sale Specialists (The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803) over 1 year ago

Debbie: The winds of real estate change are definitely blowing through your Clarksville TN real estate market. Sellers who market price their home and keep it reasonably updated should sell very quickly in your market right now.

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (ColdwellBanker SSK Realtors ~ 478.960.8055) over 1 year ago

That is quite a swing in inventory and in capitalism supply and demand is a basic tenet.

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) over 1 year ago

Thanks, Debbie, for sharing your local real estate market conditions.

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) over 1 year ago

Excellent report. Whenever I see Clarksville I can't help but think of The Monkees... showing my age! 

Posted by Gary L. Waters Broker Associate, Bucci Realty, Fifteen Years Experience in Brevard County (Bucci Realty, Inc.) over 1 year ago

Debbie, thank you for the latest trends in the Clarksville real estate market. It's amazing the change your market has seen over the past 10 years. Anyone considering listing needs to contact you, there's no one else I'd send my referrals to in your area. You're the expert.

Posted by Amanda S. Davidson, Alexandria Virginia Homes For Sale (Amanda Davidson Real Estate Group) over 1 year ago

Sure enough, Debbie... you are in a seller's market... here in Charlotte with less than 2 months of inventory we are in an uber-seller's market! Now I look back on the good old days wishing we had 3-4 months of inventory.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Residential Brokerage | Charlotte, NC) over 1 year ago

Hi Debbie - Excellent analysis of your market, and good advice for buyers and sellers. All market conditions present challenges - with your comprehensive understanding, your clients will be well positioned to make the most of them. Have a great weekend!

Posted by Dick Greenberg, Northern Colorado Residential Real Estate (New Paradigm Partners LLC) over 1 year ago

Debbie, that is interesting some neighborhoods are totally hot and others linger.  Makes your market pretty fickle.

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373) over 1 year ago

Debbie here in Connecticut we are still in a Buyers Market.  Hoping this year is finally the year we move towards a balance market.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) over 1 year ago

Hi Sheri Sperry - MCNE®, I am excited about the upcoming spring market.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 1 year ago

It changed so quickly I am still trying to get used to it, Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 1 year ago

Hi Anita Clark, this is a welcome change and wonder how long it will stay this way.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 1 year ago

Hi Joe Pryor, This is the way it works and the builders especially are loving it.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 1 year ago

Thank you Roy Kelley for your comment and support. It is always appreciated.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 1 year ago

Many others think of that song too, Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 1 year ago

According to what you are experiencing, Nina Hollander we have double the inventory. It doesn't seem that way.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 1 year ago

Hi Amanda S. Davidson, It has been very interesting working in this market, seeing the changes.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 1 year ago

Your words are very much appreciated,  Dick Greenberg and also ready to help any buyers and sellers that call.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 1 year ago

Some neighborhoods cannot keep any inventory and buyers are having to move almost instantly, Joan Cox.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 1 year ago

I would never have dreamed it would change for us so quickly. In fact our markets were similar for so long, George Souto.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 1 year ago

A very clear explanation of the market in Clarksville TN, great for sellers and buyers need to be prepared to jump when a clean home hits the market

Posted by Ed Silva, Central CT Real Estate Broker Serving all equally (RE/MAX Professionals, CT 203-206-0754 ) over 1 year ago

Debbie give me stability any day... I remember when a classmate of mine would buy a house in a Military town when I was renting... he was smarter than me:))Endre

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) over 1 year ago

You always provide good information about your housing market. Thanks for sharing.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) over 1 year ago

Hi Debbie... when we had 3-3.5 months inventory it felt very, very tight. Feels worse now.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Residential Brokerage | Charlotte, NC) over 1 year ago

Good morning Debbie.  Thanks for keeping us informed about the Clarksville TN real estate market.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) over 1 year ago

Hi Debbie, it sounds like you have a great seller's market in Clarksville.

Posted by Sybil Campbell, REALTOR® ABR, SFR, SRES Williamsburg, Virginia (Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia) over 1 year ago

It is a great market but sellers still have to be priced correctly, Sybil Campbell. Buyers are smart.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 1 year ago

Thanks for checking in Gabe Sanders. It is nice being able to share.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 1 year ago

On Nina Hollander that is a very tight market, with that brings stress.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 1 year ago

Thank you Gita Bantwal for your comment. I am glad you stopped by.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 1 year ago

It is smart for many of our military members to buy, Endre Barath, Jr. but many are still afraid to take the big step.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 1 year ago

Condition and price still matter, Ed Silva.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 1 year ago

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