There’s been a slight shift in our local real estate landscape: new home listings are up by 0.4%, reaching the highest level since April, while the total number of homes for sale has increased 0.5%—the most we’ve seen since May. However, pending home sales have dipped 1.1%, hitting a six-month low, largely influenced by higher costs and mortgage rates hovering near 6.65%.
As someone who’s navigated both residential and commercial markets in Middle Tennessee for more than two decades, I understand how these trends can impact buyers and sellers alike. Whether you’re planning a move, an investment, or considering timing for your next real estate decision, understanding these numbers is key to making informed choices. My focus has always been on combining market knowledge with an individualized approach, so clients have the clarity they need in today’s shifting market.
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