Monday, October 22, 2012


What Is Happening In The Dyersburg Real Estate Market Oct. 22,1012

What is happening in the Dyersburg real estate market as of Oct. 22, 2012? It is two weeks before the 2012 presidential election and real estate sales in Dyersburg have come to a screeching halt.We did close a nice home on Sandra today but that was already in the pipeline.

The real estate market here was starting to heat up back in early summer but has slowed somewhat up until 3-4 weeks ago when it just stopped.

I am talking to Realtors across the country who are telling me their markets are performing the same way and most of us are in agreement that once Romney wins the presidency then the real estate market should take off. It will not wait until January 20th but will begin on November 7th. Enthusiasm and certainty will return and real estate will really begin to move. I believe we have seen the bottom of the market as far as prices but available inventories should start down right after the election.

I also believe companies will begin hiring once again and jobs will be the key to our recovery.

Friday, October 12, 2012


Dyersburg Real Estate Sales Numbers August-September 2012

In my last post I wrote that I thought the Dyersburg real estate market was in recovery. After analyzing the numbers for August and September I would say that our numbers are going up and down but down for August and September.

The January-August numbers fell by 2% compared to one year earlier. One encouraging sign is that the average sales price increased to $109,072 from $99,228 one year ago.

The numbers for Jan 2012- Sept 2012 fell by 8% but the numbers for Newbern increased by 100%.

From all the data it  is hard to establish a clear direction for the Dyersburg real estate market but home prices appear to be firming up due to a shortage of inventory.

The mid priced newer neighborhoods including Camelot and Castleton Estates are beginning to sell with home prices rising just a bit over one year ago.

Call Mike and his team at 731-589-7841 to assist you with your relocation to the Dyersburg area

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