Subject: Community Corner🏠: Local Updates and Insights 11/10/23

As Veterans Day approaches, we take a moment to express our deepest gratitude to the brave men and women
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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!

As Veterans Day approaches, we take a moment to express our deepest gratitude to the brave men and women who have selflessly served our nation. Their sacrifices, courage, and commitment have shaped the fabric of our society, ensuring the freedom and security we cherish.


Click on the link to discover the Veterans Day events happening in our area and join us in showing our heartfelt gratitude to those who have served and continue to serve.


Thank you to all our veterans for their dedication, sacrifice, and unwavering commitment. Your service is truly appreciated.


🏡📊 Market Update in Rutherford County, Tennessee! 📆🌟


🔹 Happy Friday! Today, let's dive into some exciting market trends data for October 2023. 📈

🔹 Attention buyers and sellers, exciting news on the market front! In October, we welcomed 602 new listings, presenting a 1% increase from the previous month. However, compared to last year, there was a 7% decrease in new listings. 🏡💼


🔹 Total inventory for the month stood at 1,730 homes, showcasing a 2% decrease from the previous month and a significant 7% decrease year over year. Less inventory could mean increased demand and potentially quicker sales for sellers! 📉💼


🔹 The median sales price for homes in October was $435,410, reflecting a modest 1% increase from the previous month. For sellers, this indicates potential higher profits from home sales, while buyers may need to adjust budget expectations. 💰📈


🔹 The market's months of supply for October reached 2.95, signifying a 14% increase from the previous month. Buyers, this could provide you with more negotiating power in a potentially more balanced market! 📈⚖️


🔹 Click on the "Read It Here" button to access the full market update and its impact to today's buyers and sellers! Have questions? Call us at 615-730-0037.

READ IT HERE


🔒 Unlock the secrets to a successful home sale! 🏡 Join our FREE Home Seller Seminar in Smyrna, TN, on Saturday, December 2nd, 2023.


🎓 Learn staging, marketing, and selling strategies from industry experts.


🎉 Plus, one lucky attendee will win a $50 gift card!


🚀 Don't miss out – secure your spot today and sell with confidence.

REGISTER NOW!

Recent weeks have witnessed a substantial drop in mortgage rates, marking the most significant decline in almost 16 months. This trend has sparked increased demand among homebuyers. Freddie Mac's report further reinforces the positive outlook for the housing market, highlighting a continued decrease in mortgage rates.


Despite the notable decrease in rates, buyer activity has not fully reflected the rate drop. However, there's potential for homebuyers to benefit from the lower mortgage rates, especially when considering new construction homes. These properties may offer reduced rates, providing an attractive option for those seeking favorable financing terms.

Patricia Omishakin
Your Real Estate Advisor
EXP Realty

Cell: 615-730-0037
Office: 888-519-5113 x1048
pat@patriciaomishakin.com
https://PatHomeMatch.com


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Thinking of buying or selling this year?


We are happy to sit down with you and talk about it.


Let us know if there is anything in the world we can do for you!

Elam Real Estate, 3202 Memorial Blvd, Ste B, Murfreesboro, TN 37129, United States of America

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    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 2023-11-10. Report abuse