Middle Tennessee Real Estate Statistics for 2009
Every once in a while I take a look on Manier and Exton’s website because they post really great data on home sales and absorption rates in the Middle Tennessee Real Estate Market.
I want to share their most recent Nashville and Middle Tennessee real estate statistics with you!
This first one goes over the average sales price in the different areas of Middle Tennessee. Whether you live in Nashville, Brentwood, Franklin or the surrounding areas, you should be able to find your neighborhood on this report!
The second report covers the number of home sales that we have had in 2009. Along with this, the chart covers the current inventory rate. For example, in Green Hills, where I currently live, we have 13.6 months of inventory on the market. This means that it will take over a year to sell the homes currently listed in Green Hills, not including any other homes that may be listed for the rest of the year. Yikes!
The last report gives us an idea of how long the average home sale takes in each area of Middle Tennessee. Again, using Green Hills as my example, the average time it will take to sell a house in Green Hills is 112. I do want to point out, though, that different parts of these areas may take longer or less to sell! In my area of Green Hills, right around David Lipscomb University and Oak Hill, it is currently taking 54 days to sell a home. This is significantly less than the statistics that Manier and Exton report.
Remember… REAL ESTATE IS LOCAL!!!
If you would like more accurate statistics on your particular neighborhood in Middle Tennessee, please feel free to ask me and I will be happy to help!
If you are interested in finding a home in Green Hills, Downtown, 12th South, or Oak Hill area of Nashville, or would like to look at other real estate for sale in the Middle Tennessee area, please search the MLS HERE. Please note: You will have to register with my site to be able to search the MLS. I will contact you initially and all requests thereafter for privacy will be respected.
Looking to move? Wanting to Invest? Need help as a First Time Buyer? Please feel free to call me, Emily Lowe (yes, I’m a Realtor, with The Lipman Group Sotheby’s International Realty) at 615.509.1753