Polk County Tennessee Home Sales Report - April 2009

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Real Estate Agent with RE/MAX Renaissance Realtors
Polk County Tennessee Home Sales Report - April 2009
Average List Price $140,000
Average Sold Price $140,750
Average Days On The Market (DOM) 184
Total Number Of Homes Sold 2
Total Dollars Value Of Homes Sold $281,500
Homes Currently For Sale 132
Polk County Tennessee Home Sales Report - April 2008
Average List Price $110,680
Average Sold Price $107,405
Average Says On The Market (DOM) 122
Total Number Of Homes Sold 10
Total Dollar Value Of Homes Sold $1,074,050
Summary: This month when compared with the same month in 2008 shows an almost 74% decrease in the total dollars of real estate sold. That is huge and very ugly! If you look at it in number of homes sold it is down by 80%. Clearly this is NOT a good report! Prices have by no means recovered and buyers apear to be very slow to come back to the table and are picking up only the best priced homes. What does this mean to you? If you need to sell and you get an offer (a chance to sell) then sell now and buy while it is still an excellent buyers market and before interest rates increase. If you are thinking of waiting to see if the prices go down even more remember that for every 1% that interest rates go up you will on average have to be able to get the house for 9-10% less just to be at the same place you are today if you have to get a loan. Do the math and you will see it is time to buy. If you are a buyer this is your chance for great selection and great price leverage! Buy but get the home you want and BUY GOOD and then if you stay in it for a few years and you should do just fine if not very well off. If you are interested in marketing your property or are looking for a good deal to buy then just give me a call. Craig Harding RE/MAX Rivergate in Ocoee TN 423-338-7300 or Direct at 423-650-4422
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Topic:
Real Estate General Information
Location:
Tennessee Polk County
Tags:
polk county
home sales statistics
polk county tennessee
craig harding
remax rivergate

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