Murfreesboro Homes Sales for July 2011
Murfreesboro Homes Market Report July 2011 - 207 Murfreesboro homes sold in the month of July and 213 Murfreesboro homes are currently pending sale. The number of Murfreesboro homes sold evey month seems to contradict the national housing market, but it also shows the strength of the local jobs market. Murfreesboro has a unique position as the home of the largest university in the state, and the jobs to support the students help a strong local real estate market. The average price of Murfreesboro homes sold was $184,252 compared to $174,424 for July in 2010, a 5.5 percent increase year over year.
- 207 Murfreesboro homes sold in July compared to 174 last July
- the average price of Murfreesboro homes sold was $184,252 compared to $174,424 last year a 5 percent increase
- the average size of homes sold was 2164 square feet
- average days on market was 76
- 213 Murfreesboro homes are currently pending sale
- 1309 Murfreesboro homes are listed in the MLS as available for purchase
- the absorption rate for Murfreesboro homes based on July sales is 6 months
The Murfreesboro real estate market continues to be very active, and the availablity of affordable homes and condos will insure that it stays active for the immediate future.
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