Chenoweth 2011 Market Report
The Brentwood TN Real Estate Market showed an increase in overall sales in 2011 compared to 2010. Prices on fell on average 2% this past year which indicates that the market is beginning to stabilize.
|# of Homes Sold||15||12||-20%|
|Average list Price||$557,326||$552,789||-1%|
|Average Sales Price||$533,086||$527,747||-1%|
|Days on the Market||94||75||-20%|
Chenoweth may have seen a decrease in sales instead of the increase seen elsewhere, but their prices were only down 1%.
With only 4 homes currently for sale in Chenoweth, the absorption rate is down to a 4 month supply of homes for sale.
The Nashville TN Real Estate market reported that sales were up 1.8% in Middle Tennessee compared to 2010. The last quarter showed a 18% increase in sales compared to the same quarter for 2010.
The current outlook for 2012 is for sales to continue to increase in a steady fashion.