Welcome Spring 2011! Although never dead, the real estate market in Clarksville, TN is gaining speed in the spring of 2011.
Comparing stats from May 2010 and May 2011 shows the upsurg in sales. It is somewhat striking how close some of the figures are with the notable exceptions of pending and closed listings.
In May 2010, there were 1,822 active listings on an average day. May 2011 shows 1,885 active listings per average day- not much difference. New listings for May 2010 were 420, while the same month in 2011 yielded 467 new listings.
Now, here is the clincher! In May of 2010, there were a total of 501 homes pending and sold. May 2011 resulted in 763 homes pended and closed. This is a 52% increase in sales.
The recent flurry of activity can be traced to several factors, chief among them, the return of the 101 Airborne Division from Afghanistan and the increased employment opportunities in the area due to industrial construction. Most of the quality rentals have been taken off the market by renters,many of whom are working in the construction of Hemlock Semiconductor.