Comparison of the first of the year to the Ides of March: 2010 vs 2011

1/1/2010 to 3/15/2010
22 Closed Sales: Ave. sales price $400,245; $149 per sq ft; 92 days on market
6 Expired Listings: Ave. list price $666,241; $268 per sq ft; 105 days on market (must have had a wildly overpriced listing or two to skew these numbers)
15 Withdrawn Listings: Ave. list price $393,806; $191 per sq ft; 89 days on the market

1/1/2011 to 3/15/2011
21 Closed Sales: Ave. sales price $401,240; $161 per sq ft; 83 days on market
7 Expired Listings: Ave. list price $307,400; $174 per sq ft; 97 days on market
18 Withdrawn Listings: Ave. list price $443,221; $189 per sq ft; 113 days on market

Takeaways:
Average sales prices are statistically insignificantly different (hovering at $400,000) yet the sq ft price has increased by 8% ($149 vs $161 per sq ft). This could be evidence that smaller houses are selling and their prices are slightly more.

More than half of the homes that go on the market in Hillsboro/Belmont, which is one of the best selling neighborhoods in Greater Nashville, go unsold by either expiring or being withdrawn from the market.

Average sales price is the same.

Of the houses that have sold in this first quarter period, the amount of days on the market has decreased from 92 days in ’10 to 83 days in ’11. That means if a property is in great condition and is priced right–it will sell 10% faster right now.