Blog

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.

September 2021 RuCo Real Estate Market Update

In August, Closed Sales in Rutherford County were down -3.27% from August 2020. Pendings were down -2.41%, Inventory was down -34.98%, but up +4.98% from the previous month, making three straight months of modest Inventoryimprovements in our local market. Read on for our in-depth look at the latest local market data.

August 2021 RuCo Real Estate Market Update

In July, Closed Sales in Rutherford County were down -13.53% from last July. Pendings were down -19.42%. Inventory was down -37.23% from last July, but up +7.50% from the previous month, making two straight months with Inventory improvements in our local market. Read on for our in-depth look at the local real estate market data.

July 2021 RuCo Real Estate Market Update

In June we saw the first signs of Rutherford County's housing inventory improving. While we were down -48.29% from last June, we were up month-to-month for the first time since the onset of COVID-19, with Average Daily Inventory up +7.49% from May 2021. Read on for an in-depth look at the local real estate market data. 

June 2021 RuCo Real Estate Market Update

In May 2021, Rutherford County's real estate market took a downturn in Listings Contracted, down -8.96% from last May, but keep in mind that's when we saw the pent-up contracts from RuCo's COVID shutdown make a huge comeback with a +31.95% increase. Listings Closed were down -6.14% from last May while Inventory remains down at -57.26%, just slightly better than the record low we saw two month's ago. This month's big news is in Median List Price, now up +26.18%. Read on for an in-depth look at the local real estate market data. 

May 2021 RuCo Real Estate Market Update

In April 2021, Rutherford County's real estate market yet again trended up in Listings Contracted, up +18.37% over last April. Listings Closed were up +9.36%, while Inventory remained down, now -42.30% down from last April. Read on for an in-depth look at the local real estate market data. 

April 2021 RuCo Real Estate Market Update

In March, Rutherford County's real estate market again trended up in Contracts. Meanwhile, Closings fell slightly despite unprecedented buyer demand amidst the ongoing Inventory shortage. Interestingly, right at half of the current Rutherford County inventory is what we call "paper listings," meaning they are not even built yet. Mortgage interest rates continued to climb, now sitting at an average of 3.18% (30-Yr FRM), the highest they've been since June 2020. Read on for an in-depth look at the local real estate market data.