What Do Recent Clarksville Market Trends Mean for Home Values?

Today, I want to take a look at market data for 2014, 2015, and 2016 in order to get a better idea of where our market might be heading. Taking a step back and looking at trends is a great way to anticipate what’s to come in our area. 

In 2014, we had 371 closed properties. In 2015, the number fell slightly to 361. However, this year, we’ve already closed a whopping 423 homes for an increase of 17%! 

In 2014, the average listing price was at $154,700. It rose in 2015 to $162,000 before rising just a bit this year to $163,100. It’s a small rise in price, but we think that home values are only going to continue appreciating throughout the year. 

For the average sales price, we saw a substantial increase between 2014 and 2015, from $151,600 to $160,300. This year, the average sales prices have only risen a bit, to $160,500. What these statistics tell me is that the market is growing at a slower, but more sustainable, rate -- which is great news for area homeowners.

The average days on market has been holding pretty steady over the last few years, bouncing from 92 days in 2014 to 89 days  2015 back up to 98 days in 2016. The average list-to-sale-price ratio has also been pretty steady. In 2014 it was hovering around 98%, and is currently at 98.4%. In other words, sellers are getting  what they ask for their home which is indicative of a healthy market. 

These numbers are a good sign for the Clarksville area real estate market, and we only expect them to improve. If you have any questions about conditions in your neighborhood, or if you need real estate assistance of any kind, please don’t hesitate to reach out to us. We would love to hear from you!

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