Helpful Resources

Kenneth’s update 03092025… Overall, February 2025 housing data produced improved statistics from M-T-M and Y-T-Y. Closings, Pending Sales, Inventory, and Condominium classification increased in value from M-T-M; the Days on the Market and Single-Family Dwelling classification were statistically unchanged. Y-T-Y had increases in Inventory, Single-Family and Condominium classifications, and decreased Days on the Market for the real estate process.

Mortgage rates produced a steady overall daily decline for the month of February 2025. The chart below, courtesy of Mortgage News Daily, demonstrates the month’s daily flow for the Average 30-Year Fixed Mortgage Rates for the period of February 1, 2025, through March 1, 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).

March 2025 launches the beginning of the spring selling season! Should you jump into the real estate market? Increased inventory and minimum fluctuation of interest rates offers 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 February 28, 2025, as follows: There were 2,132 closings; 2,488 pending sales; 10,966 inventory; 57 days on the market; and the median price for single-family dwellings of $489,900, 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 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

Centennial Park

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Ellington Agricultural Center

Natchez Trace Parkway Bridge

Old Hickory Lake

Percy Priest Lake

Radnor Lake State Park

Warner Parks

Wasioto Park

PROFESSIONAL SPORTS

Nashville Predators

Nashville Soccer Club

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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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