Helpful Resources
Middle Tennessee Residential Real Estate
Area Guidance
courtesy of the Greater Nashville REALTORS®
Market Conditions - Greater Nashville
MIDDLE TENNESSEE HOUSING MARKET PRODUCED ANOTHER Y-T-Y STATISTICAL IMPROVEMENT FOR NOVEMBER 2024
Kenneth’s update 12072024… For two months in a row (October and November), the Y-T-Y comparisons reported solid increased activity and values for all key indicators setting the table for a solid December 2024 to end the year. For M-T-M, all key indicators declined, as expected, during the traditional seasonal and holiday transition of November.
Mortgage rates continue to trend downward with steady improvement. The chart below, courtesy of Mortgage News Daily, demonstrates the overall trend for the Average 30-Year Fixed Mortgage Rates for the period of November 1, 2024 through December 6, 2024, showing a slight decline from week-to-week throughout the month. The chart provides an average 30-year fixed mortgage rates from several different surveys including Mortgage News Daily (daily index), Freddie Mac (weekly survey), Mortgage Bankers Association (weekly survey) and FHFA (monthly survey).
More choices abound and the leveling of the mortgage rates offers home buyers and home sellers incentives to participate in Middle Tennessee’s real estate market. Should you jump into the real estate market? Contact your trusted lender to evaluate your home buying power dollars, and your favored REALTOR® to discuss the current conditions and take advantage of the home buying and selling process.
The Greater Nashville REALTORS® recently released a report for the month ending November 30, 2024, as follows: There were 2,567 closings; 2,145 pending sales; 11,375 inventory; 49 days on the market; and the median price for single-family dwellings of $500,000, and $350,000 for condominium classifications. The data collected for this release represents nine Middle Tennessee counties: Cheatham, Davidson, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson, and Wilson.
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Pending home sales – Pending Home Sales is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing. Pending contracts are good early indicators of upcoming sales closings. However, the amount of time between pending contracts and completed sales is not identical for all home sales.
Market Conditions - National Overview
Existing-Home Sales Elevated 4.8% in November | 12202024
More Home Buyers Expect Rosier 2025 Housing Outlook | 12132024
Wood Floors Make (Another) Comeback | 12102024
Multiple Listing Services: 140 Years in the Making | 12062024
Pending Home Sales Climbed 2.0% in October 2024 | 11272024
Proximity to Family and Friends, Affordability Drive Relocation Trends in 2024 | 11262024
Existing-Home Sales Grew 3.4% in October | 11212024
First-Time Home Buyers Shrink to Historic Low of 24% | 11052024
Contract Signings Leap as Home Buyers Reemerge in Fall | 10312024
Pending Home Sales Advanced 7.4% in September | 10302024
Existing-Home Sales Slid 1.0% in September | 10242024
Sustainable Spaces: The Basement | 10232024
Pending Home Sales Edged Up 0.6% in August | 09272024
Existing-Home Sales Dipped 2.5% in August | 09202024
Mortgage Rates Hit Lowest Level Since February 2023 | 09142024
Mortgage Rates | Calculator
Things-To-Do
Arts, Entertainment, Things-To-Do
3rd & Lindsley
Arrington Vineyards
Belle Meade Plantation
Bluebird Cafe
Frist Center for the Visual Arts
Go for a hike, bike or drive...
Percy Priest Lake
Radnor Lake State Park
Professional Sports
Nashville Predators
Vendors | Utilities
National Association of REALTORS® Partnership with Curbio
View the Support Tool description that benefits the Seller
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Vendor List
The Vendor List is provided as a guide, and not guaranteed. Information gathered is based on first-hand experience, trusted referrals, and sources. In general, it is recommended to receive three (3) quotes during vendor selection. Your feedback is greatly appreciated to maintain an accurate and valued Vendor List. Please contact Kenneth for distribution of the Vendor List.
Utilities List
The Utilities List provides contact information for Electric, Natural Gas, Water & Sewer for the counties of Cheatham, Davidson, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson, and Wilson. Please contact Kenneth for distribution of the Utilities List.
Copyright © 2024 Kenneth Sells Homes | Kenneth Sells Nashville
All Rights Reserved. All information deemed to be accurate but not guaranteed; Buyer's/Seller's Agent to verify all pertinent information.
Kenneth M Bargers REALTOR® TN LIC 318311, NOTARY PUBLIC (615) 512-9836 mobile kb@kennethsellsnashville.com email kennethsellsnashville.com web
Pilkerton Realtors TN LIC 257352 (615) 371-2474 office 2 Cadillac Drive, Brentwood TN 37027 address pilkerton.com web