Middle Tennessee Market Report 1/4/24

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 4th 2024) loans are closing in the 6s. In the last 10 days I've had more buyers go under contract than I did in all of November and December last year. Competition is not yet driving up prices like it will in the spring. This is a great time to buy or sell.

Closer Look At Rolling 5 Year Sales (Chart is interactive hover over for specifics)

The Middle Tennessee market is not listening to the propaganda being spun in the media. There is no market crash here, and none looming. I said the same thing last year, and 2023 was one of my best years. Better than 2019 and 2020. The market here is quietly performing.

My predictions for 2024: 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. 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!

Single Family Homes

Year	Total Units Sold	Average Sales Price	Average Days On Market
2023	43,935	$520,682	32
2022	54,213	$500,900	16
2021	61,388	$433,263	14
2020	58,333	$360,308	29
2019	53,227	$329,459	34
2018	49,687	$309,681	32

Townhomes / Condos

Year	Total Units Sold	Average Sales Price	Average Days On Market
2023	5,733	$396,872	28
2022	6,713	$391,847	13
2021	7,477	$328,712	18
2020	5,790	$273,446	26
2019	5,285	$270,891	31
2018	4,751	$255,171	24

Land

Year	Total Units Sold	Average Sales Price	Average Days On Market
2023	5,578	$260,424	74
2022	6,023	$300,755	70
2021	7,029	$265,416	102
2020	5,748	$189,972	140
2019	4,394	$175,242	149
2018	4,256	$148,863	155

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.

Hot for Sale

East Nashville

Germantown

Downtown Condos

Popular Areas for Sale

Closings This Week

Homes Closed by County This Week

**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

Looking to Rent? No problem, I can help you with that. Call me anytime: 615-243-3567

Condos / Townhomes / Apartments for Rent

Under $1,000 per month

$1,000-$2,000 per month

$2,000 + per month

Single Family Homes for Rent

Under $1,000 per month

$1,000-$2,000 per month

$2,000 + per month

2022 Annual Report HERE

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!

Search for Homes

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