RED REPORT – August 2019

RED REPORT – August 2019

Middle TN Home/Condo Sales Report August 2019 Issue.

Red Report - August 2019

Closing Volume =   Same/no change

Average Closed Prices =  5.6% higher

Pending Volume = 21% higher

August closing volume is basically the same with less than a quarter of a percent increase, so we’ll call it the same/no change since that may be less than the margin of error.  Prices continue to edge higher with an average of $400,292.

Pendings (new contracts) are very strong.  Lower mortgage rates may be enticing buyers to pull the trigger which should give us a strong Fall season.

Reminder:

The monthly report is just a simple comparison of the most recent completed month to the same month last year.

The quarterly reports will be a more detailed report looking at year to date, same period year to year and quarter to quarter comparisons.

We are also including all single family and condo sales in all our reports going forward.  The quarterly reports tell a better story of the the big picture of what’s really going on in the market.  The monthly look if just snapshot of a small window.

The monthly and quarterly Red reports include Davidsons, Rutherford, Williamson and Wilson Counties.

 

Steven Dotson

President

Red Realty

1574 Medical Center Pkwy

(suite 202)

Murfreesboro, TN 37129

Direct: 615-896-1400

Office: 615-896-2733

www.RedRealty.com