Friday, May 02, 2014

 

Dyersburg Real Estate Market Conditions For April 2014

As promised a few days ago, here is the Dyersburg Real Estate market conditions report for April 2014. Looking at the raw numbers for April, I don't see any farm sales which drop us from $7,188,802 sold in 2013 to $6,337867 sold in April of this year in the Dyersburg market.

Just looking at the numbers for my company Carousel Realty we had $1,243,800 in sales for April which was 23.29% of the total for the MLS and Carousel Realty was #1 company in our MLS for the month of April.

The single family percentage sold verses listed in April 2013 was 50% but the same period this year it was 82.76%. This means that our prices are firming up and homes are selling.

The single family average days on the market in 2013 was 201 days but this year for the same period it was 156 days. This too confirms our Dyersburg real estate recovery.

Yesterday I told a client that our sale price to list price ratio was 90.16% which means that homes are priced correctly then they are selling for a little over 90% of the list price. During a real estate recovery that number for the Dyersburg market is usuallly 90-94%. This would explain why low low offers are not even considered if the seller is not in distress.

Good real estate news has been the norm across the country for the last 6 months and Dyersburg is also celebrating that good news.

Call Mike Frazier and his professional real estate team at 731-285-2277 to help your home dreams come true!

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