Wednesday, November 30, 2016

 

Dyersburg Real Estate Market Statistics Sept-Nov 2016 vs 2015

Here is a snapshot of the Dyersburg real estate market statistics for September-November 2016 compared to same period in 2015.

These numbers are for all of Dyer County including Dyersburg and Newbern. These numbers include all sales of residential, lots, land, commercial, industrial, and multi family.

                          2016 (Sept-Nov)                                     2015(Sept-Nov)
Total units listed        102                                                         163
Total sold                    77                                                           93
Percent sold           75.49%                                                  57.41% 

From these numbers it appears the market was better in 2015 but notice the inventory of listings dropped from 163 to 102. Also, the average sales price increased from $111,856 in 2015 to $116,835 in 2016. The average days on the market in 2015 was 118 and that dropped dramatically in 2016 to 87.

Last year there were many foreclosures listed and sold and that number has dropped dramatically. My take on the current real estate market is inventories are dropping(due to sales increasing) and sales prices are increasing. There are still some properties on the market that have been listed for quite some time(like my 1591 Laura Lane) but many are selling as prices are rising. The Laura Lane house is reduced to $249,900 so it too should sell very soon.

Dyersburg is getting new industries and consumer confidence since the election is soaring.

2017 might just be our best year ever for the Dyersburg real estate market!

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