Thursday, February 14, 2008
Market report Jan 1 - Feb 12, 2008
A few days ago I pulled data from our MLS. Here is what I came up with:
First of all, there were 31 single family homes sold in our MLS. Of these,12 were foreclosures. For the same period last year there were 44 homes sold.
The average days on market for these current sales was 121 days verses 89 for last year.
The "hottest selling price range" in Dyersburg is $90,000-$150,000. Within this price range, there were 16 single family houses sold with 3 of these being foreclosures.
What was startling to me was the average sales price to list price ratio for the homes that sold $90,000 and above(excluding the foreclosures). That ratio came out to 93.5%.
Although some signs up above prove that foreclosures are a small problem here, the bigger picture reflects that the Dyersburg real estate market is still pretty healthy.
First of all, there were 31 single family homes sold in our MLS. Of these,12 were foreclosures. For the same period last year there were 44 homes sold.
The average days on market for these current sales was 121 days verses 89 for last year.
The "hottest selling price range" in Dyersburg is $90,000-$150,000. Within this price range, there were 16 single family houses sold with 3 of these being foreclosures.
What was startling to me was the average sales price to list price ratio for the homes that sold $90,000 and above(excluding the foreclosures). That ratio came out to 93.5%.
Although some signs up above prove that foreclosures are a small problem here, the bigger picture reflects that the Dyersburg real estate market is still pretty healthy.
Labels: Dyersburg Market Update
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