Is the Real Estate Market going to drop/pop in Clarksville Tn next year (2022)??

I have been asked by multiple clients and friends as the year is wrapping up if I think the real estate in Clarksville Tn will drop in 2022. 

This is a great question for both buyers and sellers. 

The short answer is I do not see a huge market correction coming at all. I cannot see into the future but the numbers are not showing any reason for significant price drops in the near future. 

I have seen some homes stay on the market a bit longer, some have price drops, and even a few come up for auction in the last month. Many of the homes that have been stuck in the market( term used loosely as that is just a month or so these days) or had price drops were overpriced in the first place by using comparable properties sold in the last 3 months. I understand sellers and agents asking for more but even in this market you can only get so much for a home. Buyers are still limited to what lenders approve and while “as is” properties can be sold quicker and for “less”  they still need to check a few boxes if  a buyer is using a lender. 

I do think the market will stabilize and be less volatile in the next year or two. Simple meaning the price increases will slow down and be a bit more traditional. Building materials are becoming more available, interest rates are still low, and people are still moving into Clarksville faster than they are moving out. So I see a more stable sellers market being the normal for at least a bit here in town. 

If you want to discus Selling your home more in depth please message me or give me a call at 931 216 2589

Jarrett McGaha

Real Estate Agent

Coldwell Banker Conroy, Marable & Holleman

(931) 216-2589(mobile)

(931) 647-3600(office)

(931) 645-1986(fax)

jarrett@jarrettmcgaha.com

https://jarrettmcgaha.com

License #: 352998

Published by Jarrett McGaha

Hi! I'm Jarrett I believe in hard work, having fun, and living life. There is no time like the present and tomorrow is just hopeful thinking. I enjoy the outdoors from working in the yard to getting lost in some unkown woods. I also enjoy helping people anyway I can and anyway you need. Contact me today 931.216.2589.

Leave a comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: