Dive into the latest trends and insights from the Smyrna, TN housing market with our February 2024 update. New Listings: A slight decrease to 111 from January's 126, indicating a tighter market. Active Inventory: Increased to 133, up 11% from last month, offering more options for buyers. Homes Under Contract: Showing robust activity with 184 homes, up 19% from the previous year. Median Sales Price: Slightly dipped to $455,000 from January's $471,000, presenting a potential buying opportunity. Market Dynamics: Interest rates have influenced the inventory levels and buying decisions. Buying vs. Selling: Now could be the optimal time to enter the market, with strategic insights provided for both buyers and sellers.
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