RED BLOG - AUGUST 2018
CHECK OUT OUR AUGUST 2018 RED REPORT!!!
The Red Forecast
As we head into Fall, the market usually slows down from the Spring/Summer seasons which we see in the Pending numbers. The monthly (July to August 2018) and the same period (August 2018 vs August 2017) are mixed among the four counties with some up and some down, but overall it appears to be level. The Year to Date data shows we are 3% above last year in closed volume with average closed prices 8% above last year.
We continue to see sales volumes driven by low inventory and higher prices pricing the lower end buyers out of the market. Middle Tennessee is still an affordable market with a tremendous quality of life compared to other markets our size and larger, which is one of many reasons everyone continues to move here causing an additional burden on inventory and prices.
Boro Blessings Update:
Congratulations to the Teacher Edition winner, Joy Colston, from Siegel High School. It was a huge blessing for us there to see her face as she was surprised to win. We will be announcing the next edition of Boro Blessings soon, so please be looking for your chance to nominate the next winner.
1574 Medical Center Parkway
Murfreesboro, TN 37129
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