How's The Clarksville Market Doing?

The Clarksville market is still heating up and it's still busy. For a better idea about how our market is doing, let's take a look at stats from last year compared to this year.

Year over year, the number of closed sales and the closing price are both up. Closed properties increased 15.9% from 1,999 to 2,316 and the average listing price increased from $170,000 to $174,100. You can list a home at whatever price you want, but what are these homes actually closing at?

Well, sales are up and market prices are up, too. The average sale price in Clarksville rose by $6,000 from $167,000 to $173,000, or a 3.5% increase. After having a relatively flat market for three years before this, that 3.5% increase is great. 

The other very important stat in this market is the sales-to-list price ratio. This is the percentage of the asking price that homes are selling for. Last year in our market, homes were selling at 98.23% of list price, and this year, homes are selling at 99.37% of list price. Sellers are getting close to full asking price!

Sales and market prices both rose since last year in Clarksville.

Buyers who see a home out there they want need to make their best offer because there is not much room for negotiation! We just listed a house that had seven showings and two offers in one day. The market is hot.

It's a great market for buyers if you work with an agent who can help you compete. It's a great market for sellers because of the market values.

If you have any questions about our market, feel free to give me a call or send me an email anytime. I'd love to hear from you!