April 2022 Sumner County Market Report

Market Report:

Demand for our area remains high, and it’s having a positive effect on prices.

As much as buyers want to check all the boxes when buying a home, some are realizing that they may have to do without some things. Buying new construction and closing in 5 months have agents and their buyers discussing their finances with the lender BEFORE going under contract so there are no surprises with their monthly payment before closing.

Despite rising prices, homes continue to move fast!

List price higher than it should be? It’s your market sellers but working offers month in and month out has proven to not always be the better route. List competitively and you will have more offers to choose from. Listing too high will still get you quite a few showings but possibly less offers to choose from. Price it right.

 Buyers are searching now, and we expect competition to stick around…

The most rewarding part of real estate is watching the homeowner get the keys to their home. Recently I’ve witnessed numerous clients get into their first home with VA benefits or THDA/USDA (first time home buyers) and bring little to nothing down at the closing table. Home ownership is a reality. Those tax refund checks could be the start to get you closer to owning your own home.

If you’re thinking about buying or selling in the next 12 months, now is the time to get a plan in place. I understand the financial and logistical complexity of a move. We sold our home with twin toddlers, so I know firsthand how important it is to have a trusted partner to help manage the details while you stay focused on keeping your daily life on the rails. That’s why I’ve made it my mission to provide my clients with the knowledge and tools needed to prepare themselves for this transition. And thanks to a proven process that works, I’ve had the pleasure of helping 100’s of clients over the past 15 years to get the results they deserve so that they can move on to their next chapter with ease.

Real Estate Market Highlights:  March Numbers

Single-Family Home Stats  2021 YTD 2022 YTD 2021 vs. 2022 Analysis
         
Average Sales Price $395,873 $534K 35% Being up 16% appreciation has your home value up over $100K from this time last year.
New Listings 474 394 ↓-16.9% Lowest in home Inventory since 1999. BEST week to list is mid April
Price Per Sq. Foot $165         $217  31.5% Condos in Sumner Co: 3 bed 2 bath Start at $324K now and are going up

SimpliHOM Realty  OFFICE: 855-856-9466

Website: AmberCarlson.Com  Lic#306652