The spring season appears to be warming up in housing as more and more buyers enter the market. And after rising mortgage rates sidelined so many buyers last year, that’s a good sign for sellers. Realtor.com has the latest:
“Spring is officially here, and like green shoots emerging from the bleak winter, new data suggests that more buyers are back in the market, although more subdued compared to a year ago.”
Provided here is a weekly snapshot to show you how the real estate market is responding and in general how real estate is moving in specific counties in Tennessee. The good news is historically TN has been in a bit of a bubble as far as in comparison to the rest of the nation in real estate. Tennessee stands the test of time in attracting families to our state so when we typically see news in general of real estate as a whole, Tennessee real estate has historically been an exception to the rule.
We were just discussing this with clients... Are you buying your first home and having trouble finding a home quality that fits your needs and your budget? If so, you should know there’s an option worth considering – condominiums, also known as condos or townhomes.
Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to U.S. News:
“Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes on the market.”
May 2022 vs May 2021:
Closing Volume: -7% lower
Average Closed Prices: + 25% ($653,400)
Pending Volume: -6% lower
Inventory: -45% lower (1 month supply- 4-6 months is normal)
WOW... Best views on Tim's Ford Lake. Complete privacy, no neighbors, and steps to the water! Spectacular views from kitchen, living room, lower & upper deck, and fire pit! Sleeps 12+. Master on Main w/ external door. Personal Floating Dock w/ boat lift only 30 concrete steps to the water! Turn-key home completely furnished with interior and exterior items including all furniture, appliances, tv's, & patio furniture (see list attached). 30x22 covered patio. 20x35 lower deck; 9x24 upper deck. HVAC & Water Heater replaced 3 years ago. Fresh paint interior and exterior. 40x60 garage with 4 bays hot/cold water and electricity. Gated private drive. 10-minute boat ride to Twin Creeks Marina. 1-hour drive to Nashville, Chattanooga or Huntsville!
218 Foundry Circle, Murfreesboro TN
4 Beds, 3 Baths, 2657 SqFt
Home on almost an acre. Fenced. All one-level. NO HOA!