RedReport - July 2017


The Red Forecast

July was mixed with Rutherford down after several strong months while Williamson had a nice boost from June, so they are all evening out to be just slightly (2%) above last year for the year to date totals.


The headlines continue to be a very high buyer demand that is being held back due to the inventories of quality affordable product for sale. We all see new homes constructed, but they just can’t keep the pace and builders can’t build the lower price ranges with the profits they need to survive so the starter home prices have priced many buyers out of the market as prices continue to rise. We continue to feel that sales volumes will be determined by inventory levels and affordability more than buyer demand. The buyers are there. There just isn’t the inventory they want or can afford.


The Red Realty Charity Challenge was a lot of fun and we thank everyone who participated. It was amazing to see how our community comes together to help others. The 5 winners of $2,000 each are:
Live 4 Tay Foundation
The Bridge Ministry
Project Heart
Home Street Home Ministry
Stepping Stone Safe Haven


We hope to have another Charity Challenge at Christmas time. Look for a little different twist and rules as we hope to help some of the groups who didn’t win this round yet are very well deserving groups.


Please join us in celebrating these winners, our 10 Year Anniversary & Gateway ribbon cutting on August 17th @ 4pm – Food & Cake for everyone!


Thank You!
Steven Dotson

1574 Medical Center Parkway

Suite 202
Murfreesboro, TN 37129
Direct: 615-896-1400
Office: 615-896-2733

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