Rates and Number of Homes Sold
With the recent deployments at Ft Campbell and the expiration of the Homebuyer's Tax Credit, everyone fears the market is slowing. With interest rates holding steady below 5% and today's rate an amazing 4.750% on a 30 year Conventional loan and 4.250% on a 30 year VA or FHA loan, houses are still moving. Currently, there are 1923 homes for sale in Montgomery county. To date this month, we have closed 64 houses and have 300 houses in pending status.
In the month of June, 296 homes closed in Montgomery county compared to 343 homes closed in June of 2009. Although the number is slightly lower than last year, it's no reason to panic. The average time on market for homes in June of this year is only 77 days versus 94 days on market in June 2009. So for all the doubters out there, our market is still strong.
Let's talk about price
The average sold price of a home in Montgomery County during June 2010 is $167832. The reports also show that the average seller got 98.3% of their asking price. That's great for sellers! Compare these finding to June 2009 and you'll see that our homes are still gaining in value. In June 2009, the average sold price was only $148063. Sellers were averaging 97.26% of their asking price.
All market data supports that Clarksville is a great market to be in. Whether you're an agent like me, an investor or someone relocating to the area.
Source: Realtracs Solutions, Brentwood, TN
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