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Middle Tennessee Real Estate Stats (Jan – July 2020)

 

Real Estate Stats 2020
Davidson, Cheatham, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson and Wilson

If you are considering listing your home in the Middle Tennessee market or considering making a purchase; you definitely want to continue reading. In short, the market is doing really well.

Here are the numbers.

On average residential sales are a little less than 3,000 units per month. January there were 2,152 homes sold. In July, there were 3,953!

Even with a significant slow down with condominium sales, January – July, still shows a positive trend line. January there were 299 condos sold. In July, there were 506!

Farm / Land / Lots Closings is also trending positive, with 155 closings in January and 217 in July!

Multi Family Closings saw a 90-day stretch of less then 50% of the “normal” closing volume. Don’t worry, this segment of real estate bounced back to Jan / February numbers, closing June and July with 25 and 27 deals!

One measurement did go down 20%.  Good news, we want this number to not to slow – it’s the Number of Days on the Market (DOM as you might see it listed). In January the average home was on the market for 40 days. July closed at 32 days on the market. Anyone who has purchased or sold real estate, understands how important a week can be, how much interest in due in a week and how many more people have to see your home to find a buyer in that week. Always look at DOM, there could be a story there.

If you have any questions about the numbers or what to look at a few homes in the area, please contact me directly.

Cole Evans
615-775-4227 (text pls)
Cole@coleevans.co

 

 

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