Holli McCray Group

??THE NUMBERS DON'T LIE?? Despite housing inventory being up over 33% from this time last year, home prices have remained steady. This shows us that there is still a high demand for homes in the Knoxville area. And while it's taking longer for homes on the market to sell, and the days of multiple offers coming in tens of thousands of dollars over the list price are gone, it is still a good time to sell your home in this area. As for mortgage rates, they've trended downward over the past 30 days. Last month, 30-year mortgage interest rates were well over 7%. This month, they're well below 7%. Hopefully this trend continues, but with so much uncertainty in the current economy, it is next to impossible to predict where interest will go. #knoxville #homeprices #interestrates #mortgagerates #housingmarket #realestatemarket Greater Impact Realty | (865) 800-3544

We're so excited to announce our merger with Greater Impact Realty Holli and her team of advisors aren't going anywhere, but this new chapter for our real estate company opens the door to many more opportunities for our agents and our clients! If you have any questions or want to know if Greater Impact Realty is a fit for you, don't hesitate to send us a message! Greater Impact Realty | (865) 800-3544

Some great news for mortgages! Home Marketing Group, LLC | (833) 464-7653 https://lnkd.in/diRdWrqG

Median sales prices of January 2025. Any surprises? #knoxville #homeprices #housingmarket #housing #housingmarketupdates Home Marketing Group, LLC | (833) 466-7653

NAVIGATING FOGGY WATERS Home sales and home prices both continue to remain higher than they were 12 months ago. This indicates that the demand for housing in Knoxville remains relatively strong. That said, total housing inventory is up almost 30% from this time last year. Should our housing inventory continue to increase, this will put downward pressure on home prices as homebuyers will have more listings to choose from. Also, the number of homes sold at or above the list price is WAY down from what it was in early 2024, which is another indicator that we may be heading into a more "buyer's market" in 2025. Housing affordability remains a major issue for our area. Some experts believe that only about 25% of those looking to buy or sell a home right now are able to do so comfortably. Should interest rates drop significantly in the coming months, this should spark more demand for homes that could potentially push prices upward. Overall, the direction of our housing market is murky at best right now. Depending on how some key factors play out will determine how home prices, housing inventory, and home affordability evolve in the Knoxville area. #knoxville #homeprices #housingmarket #knoxvillerealestate #housing #realestatemarket #housingmarketupdates Home Marketing Group, LLC | (833) 464-7653

Selling Knoxville is a local lifestyle show highlighting the Greater Knoxville area! The show is currently streaming on Amazon Fire, Apple TV, and Roku. In this episode, Holli sits down with board members from the Greater Knoxville Homebuilders Association to discuss the housing challenges in Knoxville and what the association is doing to improve them. #sellingknoxville #knoxville #americandreamtv #adtv #homebuilder #housingmarket #homeprices Home Builders Association of Greater Knoxville, Inc. Home Marketing Group, LLC | (833) HMG-SOLD https://lnkd.in/eEwpAeeu

The latest home price appreciation forecast for 2025 courtesy of Keeping Current Matters... Home Marketing Group, LLC | (833) 464-7653

If you feel led to help those who are still negatively impacted by Hurricane Helene, please consider donating new or used coats and/or blankets to Mountain Strong Sanctuary. Our office is one of the dropoff locations...

This is great news for the South Knoxville waterfront…

COOLING DOWN... Despite home prices being up over 7% from last year, several indicators reveal that the Knoxville housing market is slowing down as we close out 2024.? Our average "days-on-market" for homes listed shot up to its highest level in years (54 days).?Our list price-to-sales price ratio also continued its downward trend and fell to its lowest level in 2024.? A year ago, many predicted that mortgage rates would be in the 5% range at the end of 2024 and the housing market would be booming.?What actually happened was that 30-year mortgage rates finished the year above 7% and 2024 was one of the slowest housing markets in terms of transactions our country has seen almost 30 years.? Experts, once again, predict that interest rates will decline in 2025, but not by much.?And those waiting for a market crash will likely need to be very patient because there is no indication of any massive home price depreciation coming to our fast-growing area any time soon... Our advice??Don't try and time the real estate market.?Go ahead and buy or sell a home if it helps improve your lifestyle and/or financial situation.?Nobody is predicting that homes will get cheaper over the next 5 years... Home Marketing Group, LLC | (833) 464-7653