Cash sales were down in February, and sellers who went for the deals took an average of $3,627 less than the list price.  

February’s cash sales market share was 28%, down from 49% in January.  

Conventional loans accounted for most (52%) of last month’s sales, followed by cash deals, while VA loans accounted for the higher median sales price.  

Here’s how the sales in the seven NE TN counties monitored by NETAR were sold, the median sales price, and the difference between the sales and listing price: 

Conventional – 55 sales, $250,000, -$3,889. 

Cash – 125 sales, $180,000, -$3,627. 

FHA – 42 sales, $176,500, -$375. 

VA – 35 sales, $300,000, -$3,500. 

USDA – 14 sales, $175,450, -$1,380. 

THDA – 2 sales, $160,000, -$2,400. 

Owner financed – 1 sale, -$9,000.