Bryan Realty

Cordova, TN

Single-Family Homes

Market Report / michael@bryanrealty.com



Cordova, TN

Sun Aug 18 2019
This week the median list price for Cordova, TN is $273,400 with the market action index hovering around 63. This is less than last month's market action index of 64. Inventory has held steady at or around 130. Click here to stay informed with the Cordova market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Cordova, TN

Sun Aug 18 2019
This week the median list price for Cordova, TN is $273,400 with the market action index hovering around 63. This is less than last month's market action index of 64. Inventory has held steady at or around 130. Click here to stay informed with the Cordova market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Cordova market.
Median List Price $273,400
Per Square Foot $96
Days on Market 69
Price Decreased 32%
Price Increased 8%
Relisted 6%
Inventory 130
Median House Rent $1,399
Most Expensive $895,000
Least Expensive $85,000
Market Action Index
Strong Seller's Market
63

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$432,250 4,249 0.5 - 1 acre 4 3 19 6 4 99
$289,900 3,099 0.25 - 0.5 acre 4 3 14 3 2 77
$249,000 2,699 0.25 - 0.5 acre 4 2 15 10 10 48
$189,900 1,899 0.25 - 0.5 acre 3 2 28 10 16 51