Community Corner??: Local Updates and Insights 09/16/24

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 s

ingle-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 [email protected] 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!

?? New Listing on Kingfisher – Now Live! ??

I'm excited to announce that my beautiful new listing on Kingfisher is now live! Join me this Sunday from 2-4 PM for an open house and take a tour of this stunning 5-bedroom home in Murfreesboro's desirable River’s Edge community.

Some of its great features include:

• Spacious kitchen with granite countertops and a large island
• Cozy living room with vaulted ceilings and an electric fireplace
• Luxurious primary suite with a soaking tub and walk-in shower
• Big backyard with a covered patio, perfect for entertaining
• 3-car garage and plenty of storage space

If you can’t make it to the open house, give me a call to schedule a private tour!

??615-730-0037 #CallPatToChat

Check out the link below for more pictures and details:

https://2631Kingfish.IsHomeNow.com

??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! ????

??Listings For Sale in Rutherford County $300-$600K

??Listings For Sale in Davidson County $300-$600K

??Listings For Sale in Wilson County$ 300-$600K

??Listings For Sale in Williamson County $300-$600K

??Listings For Sale in Smyrna, TN ($300-$600k)

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