Gallatin TN Market Report – February, 2018
The strong seller’s market continues with an absorption rate of only 2.81 months of inventory. We currently have 222 homes for sale. There were 79 homes sold during February with a median list price of $301,285 – and a median sales price of $301,285. This reflects a 100% list price to sales price ratio. And this is with an average or 37 days on the market! Here’s a quick look at the figures:
What Does a Seller’s Market Mean to You?
It means that there is a shortage of available inventory and seller’s are getting close to or at their asking price. If you are considering selling anytime soon, now would be a good time to put your house on the market! A seller’s market also means that if you are looking – be prepared to buy as soon as you find the home you are looking for. A delay usually means that someone else will buy the home! Call us for help in either buying or selling! 615-428-8500
Condo & Townhome Sales for February 2018
There were 2 condo sales in Gallatin for the month. Median list price was $231,900 with a median sales price of $227,950. Condos are currently selling at $145.31 per sq. ft.
Lakefront Home Sales in Gallatin
There were 2 lakefront homes closed during February 2018. The median list price was $634,900 with a medial sales price of $606,500. This reflects a sq.ft. price of $217.99. Average days on the market – 142.
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Browse Gallatin TN Lakefront Homes for Sale
Take a look at the real estate market activity over the past 10 years in Gallatin…
Interested in past market reports?
Want to see the market report for Hendersonville?
We’re here to help you find the home of your dreams or answer any questions you have. We want to hear from you, so please contact us or call – 615-428-8500