In this June market update for Smyrna, TN, I dive into the latest real estate stats and trends. Whether you're a buyer or seller, this video is packed with essential information to help you navigate the current market.

💡 Key Highlights:

💚 New Listings: Up 8% – More homes coming to market.

💚 Active Listings: Increased by 43% YoY – Greater competition for sellers.

💚 New Construction: 1 out of 2 homes – Insights on new builds.

💚 Pending Sales: Down 19% YoY – What this means for pricing.

💚 Closings: Down 39% YoY – Longer time on market for homes.

💚 Median Sales Price: Up 24% – Impact on affordability and equity.

💚 Months of Supply: Up 112% – Shift towards a balanced market.

💚 Interest Rates: Current trends and future projections.

💡 Takeaways for Sellers:

💚 Competitive pricing is crucial.

💚 Consider offering incentives.

💚 Invest in staging and high-quality photos.

💚 Be prepared for longer selling times.

💡 Takeaways for Buyers:

💚 More options available.

💚 Better negotiation power.

💚 Reduced competition.

💚 Secure financing to strengthen your offer.

If you're considering buying or selling a home in Smyrna, TN, this market update is a must-watch! Stay informed with the latest trends and make the best decisions for your real estate needs.

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📞 Contact Patricia Omishakin for personalized real estate assistance in Smyrna, TN, and surrounding areas.

👉 Watch the full video here: June Market Update - YouTube