<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

<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start” In August, the Rutherford County housing market saw a slight slowdown in transactions compared to last year. However, shrinking inventory is causing prices to continue trending upward. We’re currently only 4.4% off the record number ($225 Median Sale Price Per Sq.Ft.) posted last summer. If rates continue to ease back down, we foresee a surge in market activity causing local home prices to quickly skyrocket to new heights. Read ..read more

<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0 ..read more

<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES ..read more