It remains a strong ‘Seller’s Market’ in Hendersonville TN Real Estate! During January, 2018 – there were 64 properties closed with an average of 22 days on the market. The median list price was $302,200 – and the medial sales price was $306,838….which reflects a 1.01% ratio of list price to sales price. There are currently 183 homes available for sale – which tells us that there is less than a 3 months absorption rate. Here’s a quick look at these figures:
What Does a ‘Seller’s Market’ Mean to You?
If you are a Buyer, it means that you don’t have many properties to choose from. The inventory is low and available homes sell quickly! If you are looking, be prepared with your pre-approval letter – and don’t hesitate once you find a home that will suit your needs.
If you are a Seller – it means that your property should sell quickly and for a good price! If you are considering selling your home, this would be a great time. Don’t wait until the market turns and then expect to get top dollar.
Hendersonville Condo Sales
There were 3 condos closed during January, 2018. The average list price was $128,967 and average sold price was $122,300. This reflects condos selling at an average of 95% of their list price. The average price per sq. ft. was $114.58 with 28 days on the market.
Hendersonville Lakefront Sales
There were 2 Lakefront Property sales in January. The average list price was $1,249,450 with the average sales price being $1,105,000. These lakefront homes sold at an average of 88% of their list price. With 114 days on the market, the average sales price per sq. ft. was $233.14.
Shop Condos Currently for Sale in Hendersonville
Shop Lakefront Homes for Sale in Hendersonville
Take a Look at What The Real Estate Market has done for the Past 10 Years in Hendersonville and Gallatin:
Need in-depth information on How to Buy a Home?
Previous Market Reports for Hendersonville
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