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.
| 2010 | 2011 | Percent Change | |
| # 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.
Connie Harveyis a local agent with Pilkerton Realtors, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals. She can be reached at 615-371-2474.
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Good morning, Connie. Interesting market report. It is interesting to see what is happening in our area...
Michael - I have several more I want to get done today.