Brentwood TN Homes Report December 2016
Currently there are 40 home sales pending in Brentwood TN, leaving 224 active listings still for sale. The average listing price for all properties in this market was $1,185,351. However this price is some what skewed due to the highest price property at $5,999,000.
|Active 224 Properties Found|
|Sq. Ft.||BR||Baths||1/2Baths||LP/SF||List Price||DOM||SP/LP %|
Sellers are realizing a List to Close price of 98.11% which means they are getting almost 100% of their asking price. This is obviously excellent news!
A total of 79 single family contracts have been closed in Brentwood TN during the last month with an average sold price of $737,681. Again, this number is slightly skewed due to one property that sold at $2.7 million.
The average sold price for homes that sold in Brentwood TN during the last 30 days was $737,681 with an average of 69 days Days on Market. View a Map of Brentwood TN here.
When the recent DOM is greater than the average DOM for the last month or so, it is a negative indicator for demand. This means it is taking longer for homes to sell. On the other hand, if this DOM number is lower than previous months, it means that listings are in demand.
|Closed 79 Properties Found|
|Sq. Ft.||BR||Baths||1/2Baths||LP/SF||List Price||SP/SF||Sales Price||DOM||SP/LP %|
On the other hand, 72 properties failed to sell in Brentwood TN. Houses may not sell for a number of reasons; the most popular reason is that the home is overpriced. Other reasons may include location, poor marketing, condition of property (inside and/or outside), or seasonal fluctuations. Sellers have control over some of these factors, but a home is where it is no matter what. It’s about HOW the Agent markets it. Take the advice of your Agent or Staging Professional when they give you tips to improve the showing quality of your home.
It is always important to realize that the real estate market in Brentwood TN can fluctuate due to many factors, including shifting interest rates, location, the economy or seasonal changes. Though if the weather grows cold, most Agents can use this to their advantage. This typically means fewer homes on the market so buyers may get better prices but fewer homes to choose from.
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