Friday, January 23, 2009

Home Sales Plummet in 2008 in Hickman County

Reflecting a nationwide trend, home sales plummeted 21.4% in Hickman County to their lowest level in six years. Paul Taylor, Realtor with Crye-Leike, Realtors in Fairview compiled Multiple Listing Service (MLS) Data to determine that the Real Estate Market is truly a "Buyer's Market."

According to Taylor, who lives in Centerville in Hickman County, the average price of a house decreased from $112,000 in 2007 to $99,948 in 2008. Extreme values were removed so that the numbers would reflect the real estate market. The median or middle price also decreased 9.57%, while the total value of houses sold through the MLS system decreased a whopping 35.16%.

Taylor, who can be reached at (615) 799-6288 says that in order to sell a house today, it must be "priced to sell." Home buyers are aware of the real estate market and are looking for a bargain.

"If you want to sell your house, price it right the first time and make small repairs. That is the key to selling in this real estate market," Taylor said.