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Old 04-10-2007, 11:51 AM
 
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Any realtors out there have a general idea of what the prime months for selling are for home sellers? I am curious to see what times inventory tend to be the highest for reasons based merely out of my own curiosity so I can determine if the numbers now are either high or low seasonally. I would imagine good/bad weather and summers have a big part in that equation. thanks.
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Old 04-10-2007, 12:14 PM
 
Location: Tennessee
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I've always heard that spring and summer are the prime months for people who have kids to buy a house. That way they can move in before school starts.
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Old 04-10-2007, 12:24 PM
 
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April / May / June / July are the top months due to weather, schools and a lot of companies do a lot of hiring in the beginning of the Year, so relocation also has to do with it. Anyone disagree ?
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Old 04-10-2007, 12:31 PM
 
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Those months are what I pretty much figured. So we are now in the midst of the very start of the season. As far as historical trends, the latest data shows a record inventory ( close to 20,000) but less days on the market. The data I've read also shows appreciation that coincides with historical norms 1 to 3% annual appreciation. So in other words- good for buyers and sellers but not if you are a speculator or flipper. I think this will keep Nashville inline with economic reality and hopefully not anywhere in the direction that some of the bubble cities got themselves into.
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Old 04-10-2007, 01:10 PM
 
Location: Tennessee
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There was a local Nashville TV news report I saw this morning about home sales. I didn't catch all of it but apparently the gist of it was that the market isn't what it was this time last year. For the first time in a long time, inventory was increasing.
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Old 04-10-2007, 01:38 PM
 
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Quote:
Originally Posted by alleycat View Post
There was a local Nashville TV news report I saw this morning about home sales. I didn't catch all of it but apparently the gist of it was that the market isn't what it was this time last year. For the first time in a long time, inventory was increasing.
In today's Tennessean it said that home sales in March were off 11% over last March, but it's still the 2nd-best March in the history of Nashville home sales. Condo sales, however, were up about 5% over last year.
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Old 04-10-2007, 03:38 PM
 
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My guess is that Nashville and much of the Southeast just got a small whiff of the housing bubble craziness and did so at the very end when things were just starting to get kind of ugly elsewhere. So perhaps Nashville was spared. I hope so anyhow. I doubt there will be any 50% appreciation going on.
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