The latest national news for the real estate market is that things are cooling down! Nationally, home sales are down 20% compared to this time last year. The market is slowing down due to a combination of low inventory and higher borrowing costs.
However, our local market continues to move with more and more folks choosing Tennessee as their top destination to live. Currently, our median sales price is $326,900 and the average days on the market is now 30 days. It is still a good time to buy or sell in our local market!
Now THAT is a good, short read with great info to put our local community a little bit at ease in these unsure times. Thank you for doing what you do, Sabrena.