Real Estate by Debbie Reynolds: How Long Does It Take to Sell a Home in Clarksville TN?

How Long Does It Take to Sell a Home in Clarksville TN?

It's a Sellers Market in Clarksville TN

Sellers MarketThe housing market in Clarksville TN has been red hot like much of the rest of the country. Buyers in the market for a new home have to move fast or they lose out in the matter of a day or two. The market has been less volatile in regards to prices being more stable but we are beginning to see a rise in the last few months of 2-3% price increase across the board.

To take a look back at 2016, the inventory exceeded 2100 homes with a general absorption rate of 8-9 months. In early 2017, the inventory was about the same but by spring the time on market had come down to 6-7 months. Inventory started falling throughout the year and so did market time. By the end of the year we were looking at 3-4 months of inventory.

Today, we are in one of the quickest markets I can remember. The homes inventory is lower than it has been in years with it being under 900 homes. Homes are selling at over 300 per month making the absorption rate at a little over 2 months. Keep in mind that if the home is priced right and in good condition that is will sell almost instantly when it hits the market.

I tell sellers to get their homes ready and buyers will respond favorably. There will not be long showing periods and their homes will go into pending status quickly. In certain neighborhoods a home can go on the market and have multiple offers within a few hours. Neighborhood and location still matter and the fact that buyers know and recognize when homes are in great condition and priced right for the market take quick action.

There are over 900 agents in the area so that is less than one listing a piece. There is still a need for a seller to be represented well and have the negotiation skills and guidance of a good agent. Don't go It alone.

With fewer homes on the market, sellers should be able to sell quickly this spring and summer. This is the best I have seen Clarksville's Real Estate Market in 10 years.

If interest rates continue to climb then it will be more difficult to get buyers to qualify to buy. But for now, interest rates are holding and sellers are enjoying the ride.


How Long Does It Take to Sell a Home in Clarksville TN?

 

This is provided by The Real Debbie Reynolds. For current real estate inventory in Clarksville TN, click here. 931-320-6730.

 

 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 9 commentsDebbie Reynolds • April 27 2018 03:10AM

Comments

Good morning, Debbie... we have the same level of inventory now... barely two months... but way, way more agents competing for it. And some specific areas barely have one month of inventory.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Residential Brokerage | Charlotte, NC) 5 months ago

this is a very useful post to share with sellers - the other thing that is important though for sellers to remember is that they still have to price it correctly! 

Posted by Lise Howe, Assoc. Broker and Attorney Licensed in DC, MD, VA, (Keller Williams Capital Properties) 5 months ago

Debbie, great post giving buyers and sellers a good snapshot of your fast paced Seller's market.  

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) 5 months ago

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

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) 5 months ago

This is important information to share with prospective home buyers and home sellers.

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) 5 months ago

Two months of inventory seems like a breather to me. We haven't been above two months of inventory in Sacramento for over 3 years.

Posted by Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents, Put 40 years of experience to work for you (Lyon Real Estate) 5 months ago

Hi Debbie Reynolds - This is a good way to get sellers to see what their options are for your market. Let's face it, sellers want to know how long it would take to sell their home. You have the answers and they should call you. 

Posted by Sheri Sperry - MCNE®, (928) 274-7355 ~ YOUR Solutions REALTOR® (Coldwell Banker Residential Brokerage) 5 months ago

Debbie even here in CT it is finally starting to become a Seller's Market with multiple offers and homes that are priced right only being a few days on the market.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) 5 months ago

Good Saturday morning, Debbie. Have a great day and an outstanding weekend.

We have sunny weather in Maryland and life is good!

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) 5 months ago

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