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Once a year this report is a deep dive. Just the raw numbers. Bottom Line Up Front: Equity is still increasing across all residential home categories. As of now (January 2nd 2024) loans are closing in the 6s. It does seem that consumers cooled in their purchasing efforts in December more than I have seen in previous years, but already we are getting reports of increased showings and I'm seeing it myself on listings since we got past Christmas.
Closer Look At Rolling 5 Year Sales (Chart is interactive hover over for specifics)
My predictions for 2025: If you want to buy, we will be successful. If you want to sell, we will be successful. If you want to invest, we will be successful. When we list property we will have to be very realistic with pricing as the current market is PRICE AND VALUE SENSITIVE. I expect throughout the year we will begin to trend towards a traditional Buyers market as consumer confidence in the economy improves and more get out in the market to purchase. Have a great year my friends, I am here for you!
Consider me your Realtor and Friend, call or text me anytime if you need me!
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| Year | Total Units Sold | Average Sales Price | Average Days On Market | | 2024 | 43,307 | $552,598 | 34 | | 2023 | 42,995 | $519,582 | 33 | | 2022 | 52,073 | $505,932 | 17 | | 2021 | 59,152 | $435,381 | 15 | | 2020 | 56,471 | $361,320 | 29 | | 2019 | 51,549 | $330,108 | 34 | | |
| Year | Total Units Sold | Average Sales Price | Average Days On Market | | 2024 | 7,554 | $417,880 | 34 | | 2023 | 6,713 | $414,632 | 28 | | 2022 | 8,912 | $407,339 | 13 | | 2021 | 10,077 | $351,525 | 18 | | 2020 | 7,856 | $296,300 | 27 | | 2019 | 7,139 | $288,983 | 32 | | |
| Year | Total Units Sold | Average Sales Price | Average Days On Market | | 2024 | 5,919 | $301,460 | 83 | | 2023 | 5,843 | $251,151 | 80 | | 2022 | 6,369 | $294,176 | 73 | | 2021 | 7,568 | $251,077 | 109 | | 2020 | 6,065 | $183,755 | 144 | | 2019 | 4,579 | $172,236 | 149 | | |
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Middle Tennessee Market Report
Closings are happening every day. I can show you property at the drop of a hat. I'm also doing video walkthroughs if you prefer. 615-243-3567.
For years now I've been been manually pulling statistics every Thursday so you can see in real time how the market is performing. If you ever would like to see something different just call / text or email me.
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**Potential** Deals of the Week
In Real Estate Agent Speak, anytime we see "MOTIVATED SELLER" it can be an indication of a listing that needs to be sold yesterday. For financial, personal or legal reasons that Seller needs the house gone and the Realtor is looking for a professional way to communicate they are ready to consider a "deal".
Check out this weeks motivated sellers HERE
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Looking to Rent? No problem, I can help you with that. Call me anytime: 615-243-3567 | |
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Not finding what you want to see
Let me know and I'll ensure it gets added to the market report for you OR I'll setup a custom search delivered as often as you want it!
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Good Stuff That Saves You REAL Money:
Doing For Sale By Owner? I'll help you for free.
Need a Home Loan or want to Refinance? Carey Ann is your gal: 615-456-4456 or Apply with Carey Ann Online
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Dennis Sanders
eXp Realty
Call/Text: 615-243-3567
Email: dennis@goodstuffrealestate.com
3401 Mallory Ln
Ste. 100
Franklin, TN 37067
I'm Always Working for my clients!
24 / 7 / 365
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Thank you for your time today!
I look forward to working for you NOW or in the future...
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Dennis Sanders
License #: 333854
ExP Realty
License #: 262943
3401 Mallory Ln (Ste. 100)
Franklin, TN 37067
Phone: 888-519-5113
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