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May 2022 Rutherford County Real Estate Update

In April, Listings Added were down -17% from last April, but the good news is Average Daily Inventory is up 12.99% from the previous month. That's two straight months of double digit Inventory improvement. Meanwhile interest rates continue rising, now at 5.27% (30-Year FRM), the highest they've been since 2009. Read on for an in-depth look at the most current Rutherford County real estate data.

April 2022 Rutherford County Real Estate Update

In March, Listings Added in Rutherford County were down -23% from last March, but the good news is they're up +30% from this February. Meanwhile interest rates (30-Year FRM) are currently averaging 4.72% vs. 3.76% this time last month. For reference, the last time rates were above 4.6% was December 2018 on their way back down from their last peak of 4.94% in November of 2018. Read on for our in-depth look at the most recent local market data.

March 2022 Rutherford County Real Estate Update

Last month, we finally saw some good news for buyers in the Rutherford County real estate market. Average Daily Inventory improved slightly from the previous month, though Listings Added remained nearly identical to the month prior, still a welcome improvement from constant declines seen throughout last year. Read on for our in-depth look at the local market data. 

February 2022 Rutherford County Real Estate Update

Is the Rutherford County real estate market headed for a crash like in 2008? Well, the data suggests not. In January, we saw 23 more homes go under contract than new homes that came on the market. That’s just a simple example of why Inventory continues to dwindle, now down -41.64% year-over-year, causing home prices to continue ticking upward. Read on for our in-depth look at the most current local real estate market data.

January 2022 Rutherford County Real Estate Update

The 2021 data is in, but the big news this month is Supply has hit a new record low for Rutherford County, with only 0.24 Months Supply of Homes. That's roughly a week's worth of Inventory when compared to turnover rates. Here's your full rundown of the monthly & year end real estate data comparisons, plus some predictions for 2022!

December 2021 RuCo Real Estate Market Update

In November, Closed Sales in Rutherford County were down -1.73% from November 2020. Pendings were up +0.96%, while Inventory was down -24.65% from the same period last year and down -13.64% from the prior month. Read on for our in-depth look at the latest local market data.

November 2021 RuCo Real Estate Market Update

In October, Closed Sales in Rutherford County were down -6.03% from October 2020. Pendings were up +6.42%, while Inventory was down -27.09% from the same period last year, and down -11.11% for last month. This after four straight months of Inventory improvement. Read on for our in-depth look at the latest local market data.

Where Are Home Prices Headed?

Home prices have increased, or appreciated, for 114 straight months. Pulsenomics recently surveyed over 100 economists, investment strategists, and housing market analysts asking for their five-year projections. The results suggest the market may see some slight deceleration, but not depreciation.

October 2021 RuCo Real Estate Market Update

In September, Closed Sales in Rutherford County were down -9.30% from September 2020. Pendings were only down -0.82%, while Inventory was down -19.32%, but up +1.11% from the previous month. This marks Rutherford County's fourth straight month of Inventory improvement. Read on for our in-depth look at the latest local market data.

Comparing Housing Inventory by Season

According to recent data from realtor.com, active listings have increased over the last four months, which is consistent with what we're seeing here in Rutherford County, though it's certainly to a lesser degree here locally. Rutherford County has now seen three straight months of inventory improvements, but is still down -34.98% from the same time last year.