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Monthly Archives: August 2023

  • Local Market Holding Steady Despite Rates

    Local Market Holding Steady Despite Rates

    The local real estate market continues to hold relatively steady despite rates. In July, contracts in Rutherford County were up +20% YOY, while closings were down -11.5%. Currently we're down -17% YTD in closed sales compared to 2022. Median price per sq.ft. is hovering, back up slightly to $212. Inventory rose for the fourth consecutive month, but 50% of the active inventory is construction.
    Written by John Jones