Recently on the local news I heard that the real estate market is taking a turn for the worse once again. As a REALTOR®, I feel you should know that what you hear on the TV news is geared toward their market. The news on channel 2, 4, and 5 is geared toward Nashville. It is not about Clarksville, unless otherwise noted.
As anyone who watches the local real estate market would know, Clarksville is unique. We have frequent turn overs due to military and other support personnel moving in and out. As a result our market is never stagnant. Yes there have been some tough times, but the we are getting through them. Our city was recently ranked the 2nd in the nation as a Safe Haven in real estate. So, if you find that you need to sell your home, you find yourself upside down on a loan due to not owning it long enough, or the neighborhood has deteriorated and so appraisals are now coming in lower than the value of your home, ask a realtor to help. There tools available to them which may be of assistance to you in your individual situation.
So, how is the local market faring? Let’s take a look. We will be comparing in Nashville (Davidson County) vs. Clarksville (Montgomery County) for the months of January, February and March of 2008 and 2009.
Davidson County Closed transactions
So yes, the real estate market is not doing too great in Nashville compared to last year. But there is room for hope as the numbers have gone up every month since January 2009. Not by much but at least it is not going backwards. So let’s look at Clarksville, Montgomery County.
Montgomery County Closed transactions
As you can see we are still on a steady climb, it is not much of a climb but we are not in the kind of market that the local news is talking about either. March was a very good month. We will continue to see our numbers improve. I have faith in our community, our clients, and the local reality professionals.
Tips on selling a home
The keys to selling are:
- The Condition of home
- …your terms.
Many buyers will ask how long a home has been on the market, and then modify the amount that they will offer you for your home based on that statistic.
In closing find out who the local news sources are, and what area their news is geared toward. It never hurts to contact a local REALTOR® to find out how our market is doing.