Tue Sep 28 2021
This week the median list price for Germantown, TN is $648,500 with the market action index hovering around 78. This is about the same as last month's market action index of 78. Inventory has increased to 36.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$648,500|
|Median Price of New Listings||$459,900|
|Per Square Foot||$156|
|Average Days on Market||90|
|Median Days on Market||18|
|Strong Seller's Market|
This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,250,000||6,499||1 - 2.5 acres||5||6||18||2||0||42|
|$815,000||5,749||0.5 - 1 acre||5||4||27||1||0||63|
|$539,000||3,499||0.25 - 0.5 acre||4||3||34||4||2||14|
|$415,000||2,699||0.25 - 0.5 acre||4||2||41||6||6||0|