Tuesday, February 07, 2012

 

Dyersburg Real Estate Statistics For January 2012

In my last statistics for Dyersburg real estate 2011 post, we indicated a nice surge in real estate activity for the last two months of 2011.

I was rather curious how January 2012 stacks up against January a year ago. Here are the numbers within our MLS:

Dyersburg real estate volume up 37% over January 2011. Average sales price $109,392 vs $79,700 for 2011
Quantity active dropped 19%.

Dyer County real estate volume up 367% over January 2011. Average sales price $124,711 vs $60,100 for 2011
Quantity active dropped 18%.

Newbern real estate volume up 28% over January 2011. Average sales price $120,000 vs $140,500 for 2011
Quantity active dropped 28%.

Here is my opinion as to what these numbers mean. The Dyersburg area real estate market is definitely on the rebound. The outlying areas like Newbern, the county and other areas are also now beginning to show new life.

Prices are still relatively low and the economy is slowly beginning to recover. Interest rates are still at historic lows so now may be the best time to purchase. Call or text Mike at 731-589-7841 to begin your next home search.

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