Areas experiencing any noticeable shifts

[Ryan Rutoskey]

Based on consumer sentiment and the reactions from investors you can gauge areas that are still experiencing high levels of buyer interest and the same goes for areas that are "cooling". I am insulated by my own investors sentiments and opinions. I was hoping for some feed back from others who may have opinions on what is occurring in Middle Tennessee and what your predictions are for the next several months. 

[John Williams]

Quote from @Ryan Rutoskey:

Based on consumer sentiment and the reactions from investors you can gauge areas that are still experiencing high levels of buyer interest and the same goes for areas that are "cooling". I am insulated by my own investors sentiments and opinions. I was hoping for some feed back from others who may have opinions on what is occurring in Middle Tennessee and what your predictions are for the next several months. 

My firm analyzes the data here in Clarksville, TN on a weekly basis. Broadly speaking, we are still seeing low DOM, less inventory, strong list-sales price ratios, and strong year-over-year appreciation. However, you really have to look at the micro data and parse through it to gain some valuable insight. For example, properties below $250k tell us one story (increased buyer competition, seller's market)... and properties between $375k-$500k tell us a bit of a different story (much less competition from buyers, price drops, higher DOM)...