Skip To Content

Tag: realtor

  • Rates Crushing Murfreesboro’s Blue Collar Market

    Rates Crushing Murfreesboro’s Blue Collar Market

    In this July 2024 market update, John Jones dives into the significant trends affecting Rutherford County's real estate market. Discover why closed sales dropped by 33%, how interest rates are impacting the market, and the role of new construction in current listings. With insights on year-to-date closings, median price changes, and a dramatic supply increase, this video provides a comprehensive overview of the local real estate landscape impacting Murfreesboro and the surrounding cities. Don't miss out on understanding the key factors shaping the shifting market this month.
    Written by John Jones
  • Is The Local Real Estate Market Peaking?

    Is The Local Real Estate Market Peaking?

    May brought some interesting developments in the Rutherford County real estate market. Closed Sales rose just 1% from last May, while Pending Sales are down significantly by 17%. Inventory increased by 9%, now with over 1,000 homes on the market (daily average), the first time we've seen that since November 2022. Median Price Per Square Foot jumped 3.3% to $219, matching the second highest month ever (July 2022). Read on for our in-depth look at the most current local market data.
    Written by John Jones
  • Stay Informed, Stay Ahead: April 2024 Local Market Update

    Stay Informed, Stay Ahead: April 2024 Local Market Update

    In March 2024, Rutherford County saw a notable 20% decline in closed sales compared to the corresponding period in the previous year. However, it is imperative to contextualize this decrease. In January, the adverse weather conditions led to a significant downturn in pending sales, approximately 20% lower than usual due to prolonged periods of snow and rain. Consequently, the subsequent decline in closed sales in March was not entirely unexpected. Moreover, pending sales in March demonstrated a mere 3% decrease compared to the preceding year, indicating relative stability in market activity.
    Written by John Jones
  • Inventory Dips & Price Surges: March 2024 Rutherford County Local Market Data

    Inventory Dips & Price Surges: March 2024 Rutherford County Local Market Data

    A comprehensive overview of the latest housing statistics for Rutherford County from February 2024. Discover key trends, such as declining inventory and the largest increase in median price per square foot we've seen in over 2 years!!! Gain valuable insights into supply and demand dynamics, mortgage rates, and the Federal Reserve's impact on the market. Stay informed and stay ahead in the Rutherford County real estate landscape. Don't miss out on this essential update for all prospective buyers and sellers in Murfreesboro and our surrounding areas!
    Written by John Jones
  • Year-End Market Stats + 2024 Predictions

    Year-End Market Stats + 2024 Predictions

    Here's breakdown of our local Rutherford County real estate market as we wrap up 2023 and look ahead to what 2024 might have in store. In December 2023, we saw a promising increase in home sales compared to the previous December. Most notably a surge in pending contracts, marking a significant 29.86% rise from the same period last year. This uptick can be attributed, in part, to a slight decrease in interest rates. However, the persistent challenge remains - low inventory, down by 16% from the previous December, and a current 2.65-month supply of homes. Taking a broader view of 2023, we closed the year with 5,723 transactions in Rutherford County, reflecting a 12.67% decrease from 2022. Average days on the market increased from 11 to 29, indicating a shift in the pace of sales. Despite the decline in sales, home prices remained stable, with only a marginal decrease of $2 in the median price per square foot over the last twelve months. Read on for an in-depth look at the most current local market data.
    Written by John Jones
  • Weather Cooling Down / Market Heating Up

    Weather Cooling Down / Market Heating Up

    November brought some intriguing developments in the Rutherford County real estate market. Most notably we saw a sharp decrease in mortgage interest rates. If interest rates continue their downward trend, reaching the sixes and possibly the fives, it will likely result in a surge of buyers entering the market. The issue we're facing is the current lack of inventory will not support that increased demand. With only 900 residential units currently available, our local market is poised for steep increases in home prices this coming spring and summer. Read on for our in-depth look at the most current local market data.
    Written by John Jones
  • Navigating The Shift: Rutherford County Market Update

    Navigating The Shift: Rutherford County Market Update

    In October's home sales in Rutherford County dipped by 8.5%, yet we saw a surprising 5.5% rise in pending contracts. Despite this, the median price per square foot remains stable, reflecting relatively steady home prices since April of this year. Listing inventory mirrors last year, maintaining a balanced housing stock. The seller's market persists, with absorption rates slightly up but still under three months supply. Interest rates, which recently hitting a 20-year high, took an unexpected drop this past week, providing a timely opportunity for buyers. Federal considerations of delaying rate hikes, coupled with declines in oil, rent and auto prices, influenced this shift. Read on for our deep dive into the most recent local market data.
    Written by John Jones
  • Shrinking Inventory Still Driving Prices Upward

    Shrinking Inventory Still Driving Prices Upward

    In August, the Rutherford County housing market saw a slight slowdown in transactions compared to last year. However, shrinking inventory is causing prices to continue trending upward. We're currently only 4.4% off the record number ($225 Median Sale Price Per Sq.Ft.) posted last summer. If rates continue to ease back down, we foresee a surge in market activity causing local home prices to quickly skyrocket to new heights. Read on for our in-depth look at the most current local market statistics. 
    Written by John Jones