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Monthly Archives: February 2024

  • From Snowstorms to Sold Signs: Inside Rutherford County’s Dynamic Real Estate Market

    From Snowstorms to Sold Signs: Inside Rutherford County’s Dynamic Real Estate Market

    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. However, prices remained stable, and interest rates fluctuated around 7%, with a potential downward trend predicted by experts in 2024. Despite challenges, optimism prevails for Middle Tennessee's real estate market, as the region continues to attract buyers and sellers alike. Read on for our in-depth dive into the most current local market statistics.
    Written by John Jones