Home sales in Hickman County fell to their lowest level since 2002 when 163 houses were sold. From a high of 276 sales in 2005, the total number of sales decreased to 165 in 2009 – a decrease of 40.2%. According to Multiple Listing Service Data compiled by real estate agent Paul Taylor, sales volume has fallen three out the last four years.
The service, which aids real estate agents, tracks home sales in the Middle Tennessee Area. Most agents belong to the service which allows one agent to sell another agent’s listed property.
According to Taylor, who is a Realtor with Crye-Leike, Realtors of Fairview, the median value of houses sold decreased 12.5% from $102,773 in 2008 to $89,900 in 2009.
Taylor states that he expects the First-time Homebuyer’s tax credit that President Obama signed into law will help the real estate market improve in the New Year.
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