Helpful Resources
Market Conditions - Greater Nashville
A HEALTHY MIDDLE TENNESSEE HOUSING MARKET CONTINUES AS A WATCHFUL EYE REMAINS FOCUSED ON MORTGAGE RATES
Kenneth’s update 05082024… The expected M-T-M improved housing data did not disappoint as all key market segments improved except for pending home sales that remained statistically unchanged. The real estate process improved to 46 days on the market as more home buyers and home sellers participated in the market. A key indicator was the 1,000+ increase of available inventory at the reporting deadline of April 30, 2024.
With eyes wide open – industry professionals and home buyers continue to monitor the weekly trend of mortgage rates as this is a main factor of the comfort level a consumer may have to purchase their next property. Will budget constraints lower their home buying power dollars or move a home buyer into a higher price point?
Should you jump into the real estate market? Contact your favored REALTOR® to discuss the current conditions and take advantage of the home buying and selling process.
The Greater Nashville REALTORS® recently released a report for the month ending April 30, 2024, as follows: There were 3,060 closings; 2,998 pending sales; 10,419 inventory; 46 days on the market; and the median price for single-family dwellings of $505,000, and $349,900 for condominium classifications. The data collected for this release represents nine Middle Tennessee counties: Cheatham, Davidson, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson, and Wilson.
Market Conditions - National Overview
More Than 90% of Metro Areas Recorded Home Price Increases in First Quarter of 2024 | 05082024
Is a senior living community appealing to you? | 05072024
Pending Home Sales Ascended 3.4% in March | 04262024
New-Home Sales Climb as Builder Incentives Pay Off | 04242024
Existing-Home Sales Descended 4.3% in March | 04192024
Unlocking Convenience: Top Picks for the Best Smart Locks of 2024 | 04112024
Sustainable Spaces: The Kitchen | 04102024
Steady Mortgage Rates Help Home Buyers Plan Ahead | 04062024
Millennials Reclaim Position as Largest Group of Home Buyers | 04032024
Pending Home Sales Rose 1.6% in February | 03282024
Home Sales, Prices Surge as Spring Buying Season Starts | 03212024
Existing-Home Sales Vaulted 9.5% in February, Largest Monthly Increase in a Year | 03212024
Builders Sweeten the Deal to Win Over More Buyers | 03202024
AI at Home: Five Ways AI is Enhancing Smart Living | 03192024
Mortgage Rates | Calculator
Things-To-Do
Arts, Entertainment, Things-To-Do
3rd & Lindsley
Arrington Vineyards
Belle Meade Plantation
Bluebird Cafe
Frist Center for the Visual Arts
Go for a hike, bike or drive...
Percy Priest Lake
Radnor Lake State Park
Professional Sports
Nashville Predators
Vendors | Utilities
National Association of REALTORS® Partnership with Curbio
View the Support Tool description that benefits the Seller