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.
Friday, January 23, 2009
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