Nashville Real Estate Talk

Home sellers in Brentwood TN had a rude awakening in January 2010.  Just 110 homes sold in Brentwoood, TN during the month of January. 

Although this was a very slight improvement over January 2009, when just 106 properties were sold, it was far below what home sellers and Realtors were hoping for.

The other issue for Brentwood home sellers is the price of whats selling.  In 2009 the median price of a home was $356,748. But in January of 2010 the median has dropped to just $312,450.  Slightly more than 10%.  Less than $120 per sq.ft. , a price not seen in  Brentwood since 2006!

One positive note, Days On Market (DOM) for homes that sold in 2010 was 83 days!  Indicating that there are buyers out there, but they are looking for deals, when they find them, they make offers.

The takeaway from this for home sellers is: Price it well and it will sell!

For home buyers: You have an opportunity to buy into Brentwood at prices not seen since 2006! Go for it!

 Checkout Homes for sale in Brentwood