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September 2022 Rutherford County Real Estate Update

In August, we saw Contracts & Closings both drop double digits year-over-year, but both did tick up from the previous month. Inventory is stabilizing, but the biggest thing to watch in our local market remains the relationship between rising Supply & softening Home Values. Median Price Per Sq.Ft. in Rutherford County is now down for the second straight month, currently sitting at $218/Sq.Ft., down 3% from the June peak of $225/Sq.Ft. Read on for John's deep-dive into our proprietary Rutherford County market statistics. 

August 2022 Rutherford County Real Estate Update

In July, the Rutherford County real estate market continued its shift towards a balanced market. Average Daily Inventory jumped +56.81% from last July and +29.69% from last month. That puts Average Daily Inventory at double the April average and nearly triple January's low of 391 single family homes. Meanwhile, as interest rates remained wildly volatile, Contracts and Closings both dropped double digit percentages YOY and month-over-month. Read on for our in-depth look at the most current local real estate data.

July 2022 Rutherford County Real Estate Update

In June, we saw some shifting in the local Rutherford County real estate market. Most notably Active Listing Inventory has jumped 42% from the previous month. Meanwhile, 15.9% of listings reduced their prices in the past 7 days, an average of $14,000. Read on for our in-depth look at the most current Rutherford County real estate data.

June 2022 Rutherford County Real Estate Update

In May, we saw some significant movement in the Rutherford County real estate market. Most notably Average Daily Inventory was up for the first time YOY since the onset of COVID and also up significantly (+35.6%) month-over-month. Meanwhile interest rates dipped, now at 5.09% (30-Year FRM), down from 5.27% this time last month. Read on for an in-depth look at the most current Rutherford County real estate data.

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.