Clarksville Real Estate Market Update

Today, I'll give you a brief update on the Clarksville real estate market.

Right now, there are 2,024 active homes on the market, and we have closed 1,997 properties. In 2014, we closed 2,008 properties, so we're down just a little bit this year.

However, in 2015, the average list price is $170,000, and in 2014, the average list price was $165,000. The average price at closing is $167,500, and in 2014, it was $162,600. As you can see, we've seen about a $5,000 increase in list and sale price. Our average days on market is 92, and the list to sales price ratio is at 98.52%.

What do all of these numbers mean? Ultimately, it means that Clarksville is currently in a balanced market. Sellers, if you price your home correctly and it's in immaculate condition, you could sell quickly with multiple offers. Buyers, interest rates are still very low, and if you find a home you like, do not hesitate.

If you have any questions about today's video or about real estate in general, give me a call or send me an email. I'd be happy to help you!