Subject: Community Corner 📊: Local Updates and Insights 09/14/24

Discover the latest trends in the Greater Nashville housing market—find out why now could be the perfect time to buy or sell! Plus, check out new lis
https://pathomematch.com

Stay up-to-date with the freshest insights in the world of single-family homes and the housing market trends in Rutherford County and surrounding areas. Explore the latest data on home markets and single-family properties in our newsletter. SUBSCRIBE now to stay informed!

August 2024 Housing Market Update – Greater Nashville Area


The latest data shows a slight cooling in the Greater Nashville real estate market. August saw 3,086 closings, reflecting a 6% decrease compared to last year, while pending home sales came in at 2,603, a marginal 0.1% decrease from August 2023. Inventory is still healthy with 12,053 homes available, translating to 4 months of supply. The median sales price for single-family homes stands at $485,000, with condos averaging $349,900.


Ready to find the unique opportunity out there for your situation?


Call 615-730-0037 or email pat@patriciaomishakin.com to schedule a

free strategy session!

Current mortgage rates for new home loans

Great news for homebuyers! Mortgage rates have been trending lower in 2024 after almost hitting 8% last year. The average 30-year fixed rate is now 6.46% for the week of August 22, down from 7.23% a year ago. This drop began when the Federal Reserve stopped raising rates in late 2023.

While rates are improving, high home prices and low inventory are still making it challenging for some buyers. Homeowners with lower-rate mortgages may also feel hesitant to sell, but this could be the perfect time to reevaluate your options.

Buyers: If you’ve been waiting for the right time to buy, let's explore homes that fit your needs while rates are lower!
Sellers: Thinking of selling? With buyer demand still high, it could be the perfect moment to list your home.

Reach out today to discuss your next steps!

COMING SOON

COMING SOON in Murfreesboro’s desirable Rivers Edge Community!

This stunning 5 bed, 3 bath home with a spacious 3-car garage boasts an open floor plan and has been meticulously maintained. Only 4 years young and ready for its next owners!


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COMING SOON in Nashville!

Located in a mature neighborhood, this charming 3-bedroom, 2.5-bathroom home sits on a gorgeous .4-acre lot with a stunning treeline view. The perfect blend of space, tranquility, and timeless appeal—don’t miss out on this gem!


Curious about what's listed FOR SALE this week in your dream neighborhoods? 🏡 Check out the latest homes on the market in four fantastic counties! Click the links below to explore properties that are currently for sale. Happy browsing! 👀🏠



    This is an online snapshot of a newsletter created by the owner of enews (Elam Real Estate, 3202 Memorial Blvd, Ste B, 37129 Murfreesboro, United States of America) and sent via GetResponse on 2024-09-14. Report abuse