Some Interesting Facts (In Which She Talks Real Estate Again)

The executive director of the Middle Tennessee Association of Realtors came to our meeting today and said that no matter how many press releases are sent, the media is so focused on bad news that none of the good stuff gets out. 

What good news?  First, it looks like the average sales price of a home bottomed in June… down about $10,000 from this time last year.  But the prices are coming up again.  The number of days on the market are also decreasing.  Though it takes about 10 days longer to sell than at the same time last year, the days are shortening since June.

More good news?

The best selling neighbhorhood in all of Middle Tennessee is … LAKE FOREST.  Of course that would make sense since we have more homes to sell, but still.  It’s something positive to hang our hat on.

Gas prices are down, so we’re beginning to see more market activity.  November and December are historically good months in which to buy and sell, further aided with the fact that after the Presidential election next week, consumer confidence should improve.  There are still 100% loans available to people with strong credit, AND many other good loans available for those with decent credit.  Now is the time to call your Realtor and have a conversation.  Remember, all real estate is local.  There may be bad news out there, but in our own area sales are steady.

And while you’re at it, please go visit my real estate blog.  I’m looing for advice on what kind of gifts people like to receive from their agents during the holidays because – yes, it’s that time of year again.

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3 Responses

  1. Wow, you mean LFE is the best selling neighborhood and the media doesn’t talk about that? And who says their’s no media bias?

  2. this blog isn’t media?

  3. uh… no. It’s a blog

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