Helpful Resources

Kenneth’s update 04072025… Increased available Inventory leads an improved M-T-M activity as well as reporting statistics in all areas of Closings, Pending Sales, Days on the Market, and Single-Family Dwelling classification. Sellers have returned to the Middle Tennessee housing market with a significant increase and available inventory of 12,326 listings as of March 31, 2025. This impressive availability is the largest available listings since October 2018, when there were 12,506 listings as of October 31, 2018.

Mortgage rates produced a slight decline from the beginning of March 1, 2025, to the end of the month, March 31, 2025. The following chart, courtesy of Mortgage News Daily, demonstrates the month’s daily flow for the Average 30-Year Fixed Mortgage Rates for the period of March 1, 2025, through this reporting summary, dated April 7, 2025. 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).

Greater Nashville is now set for a productive Spring 2025 for Buyers and Sellers! Will the national economic policies and daily news influence the confidence of Middle Tennessee’s real estate participants? Should you jump into the real estate market? Increased inventory and minimum fluctuation of interest rates offer home buyers and home sellers incentives to participate in Middle Tennessee’s 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 March 31, 2025, as follows: There were 2,831 closings; 2,861 pending sales; 12,326 inventory; 53 days on the market; and the median price for single-family dwellings of $490,000, and $347,500 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 Receded 5.9% in March | 04252025

Top Remodeling Projects for Satisfaction Revealed in NAR Report | 04092025

Baby Boomers Regain Top Spot as Largest Share of Home Buyers | 04022025

Pending Home Sales Advanced 2.0% in February | 03272025

Existing-Home Sales Accelerated 4.2% in February | 03212025

Black Homeownership Rate Sees Largest Annual Increase Among Racial Groups | 03182025

Pending Home Sales Waned 4.6% in January | 03022025

Existing-Home Sales Decreased 4.9% in January 2025 | 02222025

Will Lower Mortgage Rates Make Home Buyers More Confident? | 02212025

Mortgage Rates Are Falling, But Will it Last? | 02142025

Nearly 90% of Metro Areas Registered Home Price Gains in Fourth Quarter of 2024 | 02072025

Pending Home Sales Fell 5.5% in December 2024 | 01302025

Existing-Home Sales Ascended 2.2% in December 2024 | 01242025

Mortgage Rates | Calculator

School System Information

www.greatschools.org

Best Community Colleges in Tennessee; courtesy of Intelligent

Middle Tennessee State University

Nashville School of Law

Tennessee State University

Vanderbilt University

Maury County

Nashville/Davidson County

Things-To-Do

GO FOR A HIKE, BIKE OR DRIVE...

Beaman Park Nature Center

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Old Hickory Lake

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PROFESSIONAL SPORTS

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Vendors | Utilities

National Association of REALTORS® Partnership with Curbio

View the Support Tool description that benefits the Seller

National Association of REALTORS Partnership with SoFi

View the Support Tool description that benefits the Buyer

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.

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