The average sales price for Germantown, TN in April 2014 was $299,541. The average days on market was 84 days. Currently there are 302 homes for sale in Germantown, TN.  With this low inventory number, there is six months worth of inventory which makes this a balanced market, based on the numbers.  If inventory is higher than six months worth, this is called a buyer’s market; lower than six months and you have a seller’s market. This is good news for local Germantown sellers as it has been a buyer’s market for the last few years.  Seeing the tipping of the scales to a seller’s market might see an increase in sales prices, which is always good news for homeowners.  

 

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Suzanne White

Keller Williams Realty
1255 Lynnfield Rd Ste 100
Memphis, TN 38119
SuzanneWhite@kw.com

Licensed in TN