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Homes Sales Statistics For Polk County Tennessee

Polk County Tennessee Home Sales Report - April 2008
Average List Price $147,712
Average Sold Price $144,045
Average Days On The Market (DOM) 213
Total Number Of Homes Sold 6
Total Dollars Value Of Homes Sold $864,275
Homes Currently For Sale 112
Polk County Tennessee Home Sales Report - April 2008
Average List Price $158,300
Average Sold Price $149,704
Average Says On The Market (DOM) 134
Total Number Of Homes Sold $1,646,750
Total Dollar Value Of Homes Sold 11
Overall this is a fairly gloomy report with almost all of the main indicators showing a slower market than last year at this time. There are a couple of good things though. 1. The average difference from what a home is listed for to what it sells for on average was 95% in May 2007 and in May 2008 it has improved to 98%. What this tells me is that homes that are priced correctly to start with are sell very near the asking price and that homes that are not priced aggressively are continuing to sit. 2. The number of homes for sale decreased slightly this month which if it continues is a very health trend that lead to market equilibrium. What does this mean to you? Well be sure to price your home very competitively taking in to account the competition and the market absorption rate in relation to your time frame for moving. In short Price It Right! If you are a buyer dont be afraid to pay at or near the asking price if the home is the best value out their but be ready to negotiate on homes that are over priced. If you are looking to buy of sell be sure to give me a call and we can talk more about your specific needs or market as their are always differences based on the price range and area you are looking to buy or sell in. Call Craig Harding RE/MAX Rivergate in Ocoee Tennessee 423-338-7300
Posted Tuesday Jun 10