RED REPORT - AUGUST 2017

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RedReport - August 2017

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The Red Forecast
 

August was another mixed month, with Rutherford being the only one higher than July, while it was the only one down last month. We usually see sales decrease as we head into Fall/Winter so it will be hard to determine whether any decreases are due to our regular seasonal adjustment or because of low inventories. There is enough penned up demand that if we have a flood on listings, the sales would increase, even though we are headed into the slower Fall/Winter season. We are currently at 2.5 months inventory supply so after you throw out the junk, it’s probably less than 2 months supply. We need a 4 month supply for a healthy market on both the buyer and seller side.

I think until the inventories increase, the market will be mixed/scattered depending on how the inventory flows back into the market.

Thank you to everyone who joined us for our 10 Year Anniversary Celebration and The Red Realty Charity Challenge at our new office August 17th. The Charity Challenge was so much fun and well received, we hope to plan another one soon! Be on the look out for the Red Realty Charity Challenge II.

 

Thank You!
Steven
Steven Dotson
President

1574 Medical Center Parkway

Suite 202
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/.

 

 

 

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