Sales Price Data
The sales price averages of new and existing homes given below for selected counties are compiled from actual and up-to-date information pertaining to residential, single-family home sales in these counties for calendar year 2008. These data, collected locally, become part of a comprehensive database maintained by the Division of Property Assessment (Comptroller's Office, State of Tennessee). This gives us a unique opportunity to validate the sales price data in comparison to assessed values of both property and improvement. In addition, information in the database enables us to restrict our analysis to actual arm's length transactions.
All files include sales volume and median sales price by county or Metropolitan Statistical Area. Additionally, 2008 Summary by County includes average sales price by county and 2008 Home Sales by MSA includes average sales price by MSA.
For your convenience, files are available as Adobe (.pdf) or Excel (.xls) files.
2008 Home Sales by County (.pdf | .xls)
Existing Home Sales 1999-2008 (.pdf | .xls)
New Home Sales 1999-2008 (.pdf | .xls)
All Home Sales 1999-2008 (.pdf | .xls)
2008 Home Sales by MSA (.pdf | .xls)
A few transactions were excluded from the analysis based on aforementioned validations. Those excluded were characterized by one of the following:
- Very high ratios of sales price to actual assessed value,
- High ratio of land value in the sale price, suggesting a vacant lot or land-based sale, or
- Very low improved property values assessed (<$10,000) indicating probable substandard nature of the dwellings.