<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start” Welcome to the second half of 2024. I hope this finds you well! If you’re new here welcome to the JJRE family. If you’re a longtime reader, it likely means you’ve trusted our small local brokerage with your business at some point along the way. For that, we sincerely thank you. We take pride in our company’s expert local knowledge and eagerness to serve this community. Now let’s get into thi ..read more

<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start” May brought some interesting developments in the Rutherford County real estate market. Closed Sales rose just 1% from last May, while Pending Sales are down significantly by 17%. Inventory increased by 9%, now with over 1,000 homes on the market (daily average), the first time we’ve seen that since November 2022. Median Price Per Square Foot jumped 3.3% to $219, matching the second highest month ever (July 2022). Re ..read more

<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start” As spring blooms across Rutherford County, our real estate market reveals a picture of remarkable steadiness amid evolving economic climates. This April showed patterns similar to last year, with relatively steady metrics across the board outside of one significant exception. Read on for our in-depth dive into the most current local market data. Steadfast Sales: The housing market in Rutherford County this Apr ..read more

<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start” Closed Sales and Pending Sales: This March, Rutherford County saw a notable 20% decline in closed sales compared to the corresponding period in the previous year. However, it is imperative to contextualize this decrease. In January, the adverse weather conditions led to a significant downturn in pending sales, approximately 20% lower than usual due to prolonged periods of snow and rain. Consequently, the subsequent decli ..read more

<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start” Thank you for taking a few minutes of your time to learn about the Rutherford County real estate market. We put a lot of time and effort into creating the most comprehensive collection of data available, in order to uncover key trends that shape local real estate landscape, and to help our clients homes sell faster and for more money. It’s a key difference that truly sets us apart from our competition. So ..read more

<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start” Overview: The real estate market in Rutherford County experienced a mixed bag of trends in January 2024, with closings seeing a promising 5% increase from the previous year, while listings under contract declined by 20%, likely influenced by two full weeks of adverse weather conditions in Middle Tennessee. Inventory challenges persisted, with a 13% decrease compared to the previous year and a 7.5% decrease from the previous month ..read more

<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start” Here’s a breakdown of our local Rutherford County real estate market as we wrap up 2023 and look ahead to what 2024 might have in store. We closed the year with 5,723 total closed transactions, reflecting a 12.67% decrease from 2022. Average days on the market increased from 11 to 29, indicating a shift in the pace of sales. Despite the decline in sales ..read more

<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start” November brought some intriguing developments in the Rutherford County real estate market. Most notably we saw a sharp decrease in mortgage interest rates. If interest rates continue their downward trend, reaching the sixes and possibly the fives, it will likely result in a surge of buyers entering the market. The issue we’re facing is the current lack of inventor ..read more

<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start” In October’s home sales in Rutherford County dipped by 8.5%, yet we saw a surprising 5.5% rise in pending contracts. Despite this, the median price per square foot remains stable, reflecting relatively steady home prices since April of this year. Listing inventory mirrors last year, maintaining a balanced housing stock. The seller’s market persists, with absorption rates slightly up but still unde ..read more

<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start” The local real estate market saw some significant changes in September 2023, as indicated by our latest data. We saw big drops in listings added and closings, while the net impact caused supply to hold relatively steady. Read on for the key metrics and trends we see emerging in the most recent Rutherford County real estate statistics. Listings Added -24% YOY; -11% MOM One of the standout trends in ..read more