RED REPORT - APRIL 2017

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Red Report - April 2017

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The Red Forecast

We have been talking about low inventories for a while now, but I think we are finally seeing proof in the numbers that the low inventories are affecting home sales. If you look back at previous April reports, April is usually a little higher than March as you are in the middle of the busy Spring selling season.

 

I’ll have to agree with the National Association of Realtors on this one and say home sales will be determined mostly by what inventories do. If we get an increase in inventory, I think we’ll see an increase in home sales. If we continue to see inventories depleting, we will struggle to maintain past home sales volumes. I don’t see any way to keep prices from rising due to the low supply and high demand.

 
We are excited to be finishing up our new Gateway office on the corner of Medical Center Pkwy & Gateway Blvd. Be on the lookout for our Red Charity Challenge that will be announced the first of June. Be thinking of what non-profit organizations you want to nominate to receive grants as we celebrate our new office grand opening and our 10 Year Anniversary. This will be a fun time of celebrating and giving back to several non-profits who make our community a better place to live.
 
 
Thank You!
Steven
Steven Dotson
President
522 Uptown Square
Murfreesboro, TN 37129
Direct: 615-896-1400
Office: 615-896-2733
www.RedRealty.com 
 
 
 
 
 
The Report Report is posted monthly on our website: www.redrealty.com/blog & our Facebook page: https://www.facebook.com/RedRealty.
 
 
 
 
 
 
 
 
©2017 Red Realty, LLC
All previous Red Reports can be viewed at www.RedRealty.com.

 

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