The December numbers have been calculated and our combined neighborhoods of Mcferrin Park, Cleveland Park and Highland Heights finished the year strong!
Our average sales price for the month of December was $414,716K. This represents an increase from November and a 10% increase year to date. This means that if you have owned your home for a year, on average, its value has increased by 10% – compared to an average 5% appreciation in Davidson county.
Our close properties checked in at 37, median list price (240/ft) and median sales price (241/ft) both increased over last month.
Median days on market was ONE (1) day and contract to close took an average of 19 days. At the time of this writing, there are only 18 active properties for purchase in our neighborhood.
With interest rates remaining low, and inventory also remaining low the first quarter of 2021 should yield similar market conditions.
Happy new year!
I have several listings that are not yet on the MLS in our neighborhood. If you are looking to make a move OR if you want the chance to choose your neighbor – call me!
The housing market is changing. If you have been considering selling your home but aren’t sure what it is worth in today’s market, click here and get a free personalized report on the current market value of your home.