2020 Q4 Market Report_Digital | Page 35

DETACHED HOMES UNDER $ 1M
ATTACHED HOMES UNDER $ 1M
Smyrna | Q4 2020
Q4 2020 Q4 2019 % change
Total Homes for Sale
Total Homes Sold Average List Price ( 000 ) Average Sold Price ( 000 ) Average Days on Market
Months ’ Supply
114 299 $ 473 $ 409 40 1.3
214
237 $ 426 $ 391 56 3.1
-47% + 26 % + 11 % + 5 % -29% -57%
Total Homes
For Sale

114

Total Homes
Sold

299

Average List Price ( 000 )
$

473

Average Sold Price ( 000 )
$

409

SELLER ’ S MARKET
0-6 Months ’ Supply
Demand exceeds supply driving home prices up , giving the seller the upper hand in negotiating .
6 Months ’ Supply
Balanced market with stable supply and demand
BUYER ’ S MARKET
6 + Months ’ Supply
Supply exceeds demand , driving home prices down , giving the buyer the upper hand in negotiating .
Average Days On Market

40

Months ’ Supply

1.3

Source : Trendgraphix All data believed to be accurate , but not warranted .
ATTACHED HOMES UNDER $ 1M Smyrna | Q4 2020
Q4 2020 Q4 2019 % change
Total Homes for Sale
Total Homes Sold Average List Price ( 000 ) Average Sold Price ( 000 ) Average Days on Market
Months ’ Supply
63
191 $ 384 $ 303 40 1.2
135
144 $ 330 $ 272 51 3.3
-53% + 33 % + 16 % + 11 % -22% -63%
Total Homes
For Sale

63

Total Homes
Sold

191

Average List Price ( 000 )
$

384

Average Sold Price ( 000 )
$

303

SELLER ’ S MARKET
0-6 Months ’ Supply
Demand exceeds supply driving home prices up , giving the seller the upper hand in negotiating .
6 Months ’ Supply
Balanced market with stable supply and demand
BUYER ’ S MARKET
6 + Months ’ Supply
Supply exceeds demand , driving home prices down , giving the buyer the upper hand in negotiating .
Average Days On Market

40

Source : Trendgraphix All data believed to be accurate , but not warranted .
Months ’ Supply

1.2

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