In this newsletter, you’ll find:

• Latest Market Update! 📊

• Just listed SEVERAL homes with 5+ ACRES 🌳

• Deep Dive into TN market

• Prices are DROPPING 📉

• UPCOMING Local Events!

Let’s dive in! 👇

Tennessee Real Estate Market Recap 📊

The Tennessee real estate market continues to shift as we move through the year, bringing both opportunities and challenges for buyers and sellers across the state. From the Upper Cumberland to East Tennessee, we’re seeing changes in inventory, pricing, and how quickly homes are selling.

More Homes Hitting the Market

In many Tennessee counties, the number of active listings has grown compared to last year. This gives buyers more choices when shopping for their next home. However, the market still remains competitive in popular areas like Knoxville, Cookeville, and Blount County, where demand continues to outpace supply.

Prices Still on the Rise in Many Areas

Across much of Tennessee, home prices remain strong. Counties such as White, Putnam, and Cumberland are seeing steady increases in both median listing prices and price per square foot. This trend is good news for sellers who want to maximize their return, but it can make affordability more challenging for buyers.

Days on Market Are Stretching

One important shift is that homes are staying on the market a little longer in several Tennessee counties. For example, Overton and Cumberland County are seeing average days on market above 70, giving buyers more time to make decisions and negotiate. In other areas, like White and Knox County, homes are still moving in under 60 days, showing that hot markets remain fast-paced.

What This Means for Buyers and Sellers

• For Buyers: More inventory and longer days on market mean you may have better negotiating power in certain parts of Tennessee. Keep an eye on areas where prices are leveling off or dropping, like Smith and Loudon counties.

• For Sellers: The market still leans in your favor if you’re in a high-demand area. Strong pricing and low competition can help you sell quickly, but be prepared to adjust if your home sits longer than expected.

Final Takeaway

The Tennessee housing market is shifting toward balance, with some counties favoring buyers and others still favoring sellers. Whether you’re in the Upper Cumberland or East Tennessee, staying up to date on local real estate trends can help you make the best decision when buying or selling your home.