The Realtor new magazine "Inman News" has identified 10 markets where real estate agents are still doing business and making sales despite the economic and housing downturn, based on total sales, median price, and license and Realtor group membership data.
The 10 markets are:
- Seattle-Bellevue-Everett, Wash.
- Fort Worth-Arlington, Texas
- Denver-Aurora-Broomfield, Colo.
- Salt Lake City, Utah
- San Antonio-New Braunfels, Texas
- Pittsburgh, PA
- Dallas-Plano-Irving, Texas
- Kansas City Mo.-Kan.
- Austin-Round Rock-San Marcos, Texas
- Nashville--Davidson--Murfreesboro--Franklin, Tenn.
Average sales volume in these markets ranges from $599,171 (Nashville) to $1.54 million (Seattle) and sales per Realtor ranging from 3.2 (Austin) to 8.3 (Fort Worth).
The median sales price edged up in seven of the markets in May from the prior year, and the three markets where prices did not rise managed to escape double-digit declines.
From June 2010 to May 2011, the median sales prices ranged from $107,250 (Pittsburgh) to $302,000 (Seattle).
These markets all have populations topping 1 million and unemployment rates that are generally better than the national rate.
[SOURCES: Inman News; Information, Inc.]
So looks like buying in Nashville still represents a good investment compared to most of the rest of the United Sates.
The Ashton Real Estate Group of RE/MAX Elite has been helping to keep this trend of consistent sales throughout 2011 and has managed to maintain it's position as the #1 real estate team in Tennessee with RE/MAX.
The Ashton Real Estate Group of RE/MAX Advantage
The #1 Real Estate Team in Tennessee and #2 RE/MAX team in the World!