How Did the 2016 Clarksville Real Estate Market Do?

How did the 2016 real estate market stack up against 2015? What can buyers and sellers expect from our current market? I’ll go over everything you need to know today.

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What’s going on in the Clarksville real estate market? Today, we’ll take a look at how the market did in 2016 compared to 2015. 2016 was a great year for real estate; everything has increased since 2015, and 2017 is already off to a great start! In 2015, 3,580 properties closed. In 2016, 4,221 properties closed, which is a 17.9% increase. The average listing price also went up. In 2015, the listing price was $171,500, and in 2016, it increased 2.6% to $175,900. So, what did homes actually sell for in 2016? In 2015, the average sales price was $168,700; in 2016, it went up 3.62% to $174,800. That is great news because our market has been flat for the last couple of years. Now, it’s finally starting to go up.

Our market is finally starting to go up.

The average days on market in 2015 was 92, which dropped to 86 days on market in 2016. 

What do all of these numbers mean for you? 

If you’ve been thinking about selling, now is a great time to get on the market. Houses that are priced correctly and in good condition are selling really fast. 

As for buyers, interest rates have gone up and the market is increasing, so the longer you wait, the more likely it is that you will get less house for more money.

If you have any other questions about the real estate market or about selling your home, give me a call or send me an email. I would be happy to help you!

The Latest Clarksville Market Statistics

Today we're here with the latest numbers for the Clarksville real estate market. The market is starting to shift, though. We'll discuss how the shift will affect both buyers and sellers today.

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We are back again to talk about one of our favorite topics: the latest market statistics. We’ve got the latest numbers for the Clarksville market and we think you may be surprised by some of them.

The biggest thing to note is that right now we only have 1,279 properties on the market for sale. That might sound like a lot, but it really isn’t. At this time last year, we had 1,600 to 1,800 homes for sale. As a result, when we head into spring, we’ll have lower inventory at that time. This is just another reason that you should purchase your home now.

Buying now is your best bet.

Here are some more important statistics to take note of:

• Closed sales are up by 15% over last year, from 2,958 to 3,401
• The average sales price is up by 13.08% over last year, from $168,600 to $173,800
• The average days on market has decreased by about 5.4%, from 92 to 87 days

We are slowly shifting toward a seller’s market, so now is the time for buyers to get out there and strike a deal. If you have any questions for us about buying or selling, don’t hesitate to give us a call or send us an email. We look forward to hearing from you!

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!

Clarksville Real Estate Market Update

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The real estate market statistics are in for Clarksville. We track market statistics every week, and it’s exciting to see the market change week to week. Today, we wanted to give you a market update for the first quarter of 2016!

In 2015, 941 homes closed. This year, 1,120 houses sold. That’s a 19% increase in home sales! This data proves that the market is incredibly active right now. If you’re a buyer, you need to put your best offer forward. 

The average list price hovered around $161,900. This year, the average list price is $166,300. That’s a 2.7% increase in list price. However, the average price a home closed for is what truly reveals market appreciation.

In 2015 the average price a home closed for was $159,500. In 2016, the average closing price is $163,900. That’s a $4,400 difference, and a 2.75% increase in appreciation. That might not seem like much, but since we’ve had a flat market for the last five years, that’s great news. Also, it’s important to understand that the appreciation rate is going up a quarter-percent each month. 

Finally, the average days on market has gone up slightly this year. In 2015, the average days on market was 91, and this year, the average is 99.  Houses are staying on the market just a little bit longer, but sellers are getting more money. 

What does this mean to you?  As a buyer, if you want your dream house, don’t bother with a lowball offer. Make a full-price offer, because you are going to be competing against other buyers. Sellers, now is a great time for you to capitalize on your home sale. 

If you have any questions, give me a call or send me an email. I would be happy to help you!