๐Ÿ“Š Housing Market is Shifting!

Active listings are rising, prices are shifting, and buyers may have more negotiating power than everโ€”see what this means for you in todayโ€™s housing market.

In this newsletter, youโ€™ll find:

  • Your Market Update ๐Ÿ“Š 

  • Will Govโ€™t Shutdown Cause a Housing Market Crash?

  • Just Listed 118+ ACRES for How Much??

  • Prices Dropping like the Leaves ๐Ÿ‚

  • Canโ€™t Miss Events in Your Area!

  • Donate to A.A.R.F Today! ๐Ÿถ ๐Ÿ’œ

Letโ€™s dive in! ๐Ÿ‘‡

โ€œThe only way to make sense out of change is to plunge into it, move with it, and join the dance.โ€

โ€” Alan Watts

PUTNAM COUNTY

Active Listings: 415๐Ÿ“ˆ
New Listings Last Month: 122๐Ÿ“ˆ
Median Days On Market: 69๐Ÿ“ˆ
Median Listing Price: $399,900๐Ÿ“‰
Median Price per SQFT: $220๐Ÿ“ˆ

Buyerโ€™s Advantage

WHITE COUNTY

Active Listings: 218 ๐Ÿ“‰
New Listings Last Month: 40๐Ÿ“‰
Median Days On Market: 75๐Ÿ“ˆ
Median Listing Price: $339,400๐Ÿ“‰Median Price per SQFT: $225๐Ÿ“‰

Slight Sellerโ€™s Advantage

OVERTON COUNTY

Active Listings: 106๐Ÿ“ˆ
New Listings Last Month: 26๐Ÿ“ˆ
Median Days On Market: 83๐Ÿ“ˆ
Median Listing Price: $371,200๐Ÿ“ˆ
Median Price per SQFT: $213

Buyerโ€™s Advantage

CUMBERLAND COUNTY

Active Listings: 535๐Ÿ“ˆ
New Listings Last Month: 108๐Ÿ“‰
Median Days On Market: 78๐Ÿ“‰
Median Listing Price: $392,400๐Ÿ“ˆ
Median Price per SQFT: $220๐Ÿ“ˆ

Sellerโ€™s Advantage

SMITH COUNTY

Active Listings: 117๐Ÿ“ˆ
New Listings Last Month: 26๐Ÿ“ˆ
Median Days On Market: 68๐Ÿ“ˆ
Median Listing Price: $394,100๐Ÿ“‰
Median Price per SQFT: $229๐Ÿ“‰

Buyerโ€™s Advantage

KNOX COUNTY

Active Listings: 2,215๐Ÿ“ˆ
New Listings Last Month: 946๐Ÿ“ˆ
Median Days On Market: 58๐Ÿ“‰
Median Listing Price: $439,000๐Ÿ“ˆMedian Price per SQFT: $233๐Ÿ“ˆ

Slight Sellerโ€™s Advantage

BLOUNT COUNTY

Active Listings: 799๐Ÿ“ˆ
New Listings Last Month: 314๐Ÿ“ˆ
Median Days On Market: 70๐Ÿ“ˆ
Median Listing Price: $479,900๐Ÿ“ˆ
Median Price per SQFT: $242๐Ÿ“‰

Slight Sellerโ€™s Advantage

LOUDON COUNTY

Active Listings: 679๐Ÿ“ˆ
New Listings Last Month: 200๐Ÿ“‰
Median Days On Market: 71
Median Listing Price: $597,000๐Ÿ“‰
Median Price per SQFT: $261๐Ÿ“‰

Slight Buyerโ€™s Advantage

Meet Corey, our passionate and knowledgeable in-house mortgage officer. Heโ€™s here for all of your mortgage questions!

What a Government Shutdown Means for the Housing Market

Lately, thereโ€™s been a lot of talk about how a government shutdown could impact the housing market. You might be asking yourself: does this mean buying or selling a home stops altogether?

The short answer: no.

Homes are still being bought and sold, contracts are still signed, and closings are still happening. Some parts of the process may slow down a little, but the housing market keeps movingโ€”even in Tennessee.

What Usually Happens During a Government Shutdown

When the government shuts down, some federal agencies either close or scale back operations. This can create small delays in the homebuying process, especially for government-backed loans:

  • FHA, VA, and USDA loans may take longer to process since agency staff may be furloughed. These loans make up about a quarter of all mortgage applications.

  • Flood insurance approvals through the National Flood Insurance Program can also pause, which may slow closings for homes in flood zones.

Even with these delays, most real estate deals. . .

Are you in search of a property in Middle or East Tennessee with over 5 acres of land or a budget of under $400k? Look no further! We have meticulously curated lists that are updated daily, making the process of finding your dream home even easier.

UNRESTRICTED LAND

HOMES WITH OVER 5 ACRES

HOMES UNDER $400k

HOMES UNDER $650K

Meet Corey, our passionate and knowledgeable in-house mortgage officer. Heโ€™s here for all of your mortgage questions!

Here are properties that have recently dropped in price in Tennessee. We update this list DAILY to keep you informed.

Upcoming Upper Cumberland Events!

Upcoming East Tennessee Events!

  • Music Explorers - A Free Saturday Music Class for Kids! - Recurring weekly on Saturday, 1 PM - 2PM

  • Holiday Handcrafters Festival - Saturday, November 15th, 10 AM - 4 PM

SNR Cares is raising money for A.A.R.F this quarter. Help make a difference for animals in need! Your monetary gift helps purchase essential supplies, cover veterinarian visits, vaccinations, heartworm testing, spaying and neutering prior to adoption, and much more. Even a few dollars can go a long way in giving these animals a healthy, happy start and helping them find their forever homes.