Market Report December 2021

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

According to Danille Hale, chief economist at Realtor.Com states that,

“Affordability will increasingly be a challenge as interest rates and prices rise, but remote work may expand search area and enable younger buyers to find their first homes sooner than they might have otherwise. And with more than 45 million millennials within the prime first time buyer ages of 26-35 heading into 2022, we expect the market to remain competitive.”

 

Despite rising prices, homes continue to move fast, still!

Builders are trying to keep up with demand and sellers are trying to keep up with offers. Book your viewing quickly, as soon as it lists, and get your offer in ASAP– a seller can stop all showings at any time and finalize on the best offer before the deadline shown on the MLS if they so choose.

 

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

My biggest influx in buyers came the month of December. I drove over 600 miles the week of New Years Eve showing property all the way from Cheatham, Wilson  to Williamson County.

 

Real Estate Market Highlights: SUMNER COUNTY- December

Single-Family Home Stats  2020 YTD 2021 YTD 2020 vs. 2021 Analysis(month2month)
         
Homes for Sale 906 367 ↓59.5% Now that the holidays are over you will start to see a pick up in new listings.
New Listings 358 268 down

27.4%

New December Listings: 213 are already Under Contract
Closed Sales 397         369  7.1 %  369 single family homes Closed last month (DEC.) in Sumner Co. Average Days on Market 13 days!

New Construction- 81 DOM

SimpliHOM Realty  OFFICE: 855-856-9466

Website: AmberCarlson.Com  Lic#306652

November 2021 Sumner County Market Report

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

Living on your own and wanting to buy…the dream can become a reality. “Almost 28% of homeowners are solo persons and the number is rising,” according to Freddie Mac.

Despite rising prices, homes continue to move fast, still!

A few things a solo homeowner needs to consider is this: Know your down payment, know your credit score and know what your needs are. Most agents will not even show you a property unless you have spoken to a lender and are pre approved. It is also a must have from the seller to buyer before letting you view. Be prepared.

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

Take rising rates into consideration when budgeting so there are no surprises when rates increase.

 

Real Estate Market Highlights: SUMNER COUNTY- NOVEMBER

Single-Family Home Stats  2020 YTD 2021 YTD 2020 vs. 2021 Analysis(month2month)
         
Homes for Sale 1059 466 ↓56% Heading into our slower months we are NOT showing a drop in housing inventory
New Listings 376 307 down

18.4%

Novembers Listings: 308 are already Under Contract
Closed Sales 304         386   24 %  386 single family homes Closed last month (NOV.) in Sumner Co. Average Days on Market 12 days! New COnstruction makes DOM 81 days

SimpliHOM Realty  OFFICE: 855-856-9466

Website: AmberCarlson.Com  Lic#306652

October 2021 Sumner County Market Report

Market Report:

 

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

Experts are already projecting mortgage rates to rise in 2022. Freddie Mac stated recently that, “the average 30 year fixed rate is expected to rise to 3.5% in 2022.”

By historical standards that is still extremely low and supportive of mortgage demand and affordability. Average sales price for single home residential in Sumner Co is $437,000.  That is almost 100K more than what it was this time last year.

Despite rising prices, homes continue to move fast.

With buyers eager to purchase before interest rates rise this gives sellers who want to list this fall a tremendous advantage – it’s called leverage.  Average days on market is still around 10 days and 21 days if you are counting from the time a home lists till it’s under contract.

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

And buyers also want three things. 1) to be the winning bid 2) buy before rates rise  3) buy before prices go even higher.  Since buyer demand is still high this gives sellers still the opportunity to pick the best offer that suits them. By the end of the 4th quarter in 2022 rates will be closer to around 3.7%

Real Estate Market Highlights: SUMNER COUNTY

Single-Family Home Stats  2020 YTD 2021 YTD 2020 vs. 2021 Analysis(month2month)
         
Homes for Sale 1126 541 ↓52% Heading into our slower months we are NOT showing a drop in housing inventory
New Listings 506 423 down

16.4%

Octobers Listings: 366 are already Under Contract
Closed Sales 380         375   down 1.3%  375 single family homes Closed last month (Oct.) in Sumner Co. Average Days on Market 10 days!

SimpliHOM Realty  OFFICE: 855-856-9466

Website: AmberCarlson.Com  Lic#306652

September 2021 Sumner County Market Report

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

If you were able to invest $3500 today with the possibility of  doubling your money in one year would you hear me out? The average American in Tennessee gained around $37K the past year in home equity. When it’s time to sell your home, your equity can help you with some of those goals. Kids College fund, move to a bigger house or start a business.  Home appreciation will start to slow down in the months ahead. You will see home prices settling back to a normal market or rather pre pandemic statistics.

Despite rising prices, homes continue to move fast.

It’s the very reason that renters buy. Rent is rising. Landlords can increase your rent where more loans can lock you in for 30 years. Plus as a homeowner you have the option to customize and upgrade your space. And most importantly….you are building wealth rather than building someone else’s wealth.

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

Multiple offers are still a big struggle for buyers these days. That part has not changed but what I can say is that there are definitely more homes coming on the market, daily however we did see quite a drop from August to September as far as new listings in Sumner Co.*see below.  After 4 months, hundreds of miles driven, multiple offers submitted and some rejected, I can say that all 4 of my buyers are under contract. Contract to close is averaging about 55 days due to a DELAY in APPRAISALS.

Real Estate Market Highlights: SUMNER COUNTY

Single-Family Home Stats  2020 YTD 2021 YTD 2020 vs. 2021 Analysis(month2month)
         
Homes for Sale 1119 451 ↓59.7% Today, Oct. 1st Sumner has 248 Active single family homes avail. Davidson Co. has 671. Townhomes/Condo: 42 Sumner 279 Davidson Co.
New Listings 443 370 down

16.2%

Of the 370 new listings in September 312 are already Under Contract
Closed Sales 387         356   ↓down 8%  338 single family homes Closed last month (September) in Sumner Co. Average Days on Market 8 days!

SimpliHOM Realty  OFFICE: 855-856-9466

Website: AmberCarlson.Com  Lic#306652

July 2021 Sumner County Market Report

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

Prices are continuing to rise. Last month in Sumner Co. our inventory went down not up. Agents are seeing a few less offers and more days on the market before receiving multiple offers. With schools in full swing more homeowners are settling in and realtors have seen a slight slow down in bidding wars.

Despite rising prices, homes continue to move fast.

We did see a slight slow down of multiple offers this past month. I am also noticing more homes with a price decrease lately on the MLS. Out of 384 homes that sold last month in Sumner Co only 57 homes sold under list price, that means that all the others sold at or ABOVE listing price. I’m here to tell you that the majority sold above, a few even 50K to 100K more.

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

Buyers–HANG IN THERE, here’s why. 1.) Long term benefits outweigh the short term challenge. 2.)Today’s low interest rates will not last forever-rates predicted to increase in the early  part of next year 3.) Experts agree that home prices are forecast to rise 4.) Homeownership improves quality of life 5.) Typically rent fluctuates about 1% from month to month but in May and June rent increased by 3.2% in some places according to realtor.com. Monthly rents are higher than the average mortgage. Save those recent stimulus checks given and ask me about setting you up with a lender that can get you going in the right direction with homeownership.

Real Estate Market Highlights: SUMNER COUNTY

Single-Family Home Stats  2020 YTD 2021 YTD 2020 vs. 2021 Analysis
Homes for Sale 1231 538 ↓68.1% Slight decline in Inventory since June 2021 by about 100
Months Supply 3.7 1.3 down

64.9%

Fewer homes on the market means new listings gain traction. We will remain a sellers market for at least the next 2+ years
Closed Sales 453         370   ↓down 18.3% We actually showed a decline in sales from last month but proof shows that homes sold for more than list price

SimpliHOM Realty  OFFICE: 855-856-9466

Website: AmberCarlson.Com  Lic#306652

June 2021 Sumner County Market Report

If you’re like most people, this is one of your largest financial assets, so you want to make sure that you’re getting the highest possible price when it’s time to sell.  Or making the strongest offer possible in a multiple offer situation.

 

This requires an understanding of our local market and where your home or buying needs fit into the landscape. As you consider making a change, here are the top things you should know:

 

Demand for our area remains high, and housing supply is rising. What does that mean for you?

An important factor in today’s market is the number of homes for sale. While inventory levels continue to sit near historic lows, there are indications that we may have hit the lowest point we’ll see, according to Odeta Kushi, Deputy Chief Economist at First American. Still, we will be in a sellers market for quite some time.

 

Despite rising prices, homes continue to move fast.

Buyers need to act now but be patient in your search.   Although we took  a dip from May to June, there has been an increase in home inventory just in the last few weeks right here in Sumner Co and surrounding counties. I have noticed it personally while searching for homes for my buyers.  This means less competition for buyers and possibly fewer bidding wars. The most recent Realtors Confidence Index shows that the average home is on the market for just 17 days.

 

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

A typical summer versus THIS summer. Inventory declines after a spring peak, usually in June  but THIS SUMMER inventory levels have been rising since February. Price appreciation will usually ease around this time in a normal market but THIS SUMMER price appreciation is still increasing and has so by 15% since this time last year.

 

 

 

 

 

 

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 this 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.

 

Call me today for your Initial Consultation 🡺 615-438-8728

 

To your success,

 

License # 306652

SimpliHOM Realty

Website: AmberCarlson.Com

 

Sumner County Market Highlights:

 

Single-Family Home Stats  2020 YTD 2021 YTD 2020 vs. 2021 Analysis
         
Homes for Sale 1300 526 ↓60.1% Average days on market to Under Contract is less than a week with multiple offers
Months Supply 4.2 0.9 down

78.6%

Inventory has been rising since FEBRUARY and continues to do so.

 

Closed Sales 423 425 up 2.8% This number continues to rise as we see more homes coming on the market

May 2021 Sumner County Market Report

Ready to maximize the equity in your home and move up to your dream home, but not sure where to begin?

 

If you’re like most people, this is one of your largest financial assets, so you want to make sure that you’re getting the highest possible price when it’s time to sell.

 

This requires an understanding of our local market and where your home fits into the landscape. As you consider making a change, here are the top things you should know:

 

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

 

Chief economist of Realtor.com states that surveys showed seller confidence continued to rise in April with more citizens getting the vaccination. We are not seeing an end to the sellers market any time soon but at least with more homes predicted to be listed in the next 12 months the intensity of competition will diminish as buyers have more options to choose from. Hallelujah!!

 

Despite rising prices, homes continue to move fast.

 

The question I get at least a few times a week. Where is the housing market headed?

According to Realtor.com .…”homes in 2020 sold slower in the spring and fastest in September and October.  While we expect fall to be competitive, this year’s seasonal pattern is likely to be more normal, with homes selling fastest from roughly now until mid summer.”

 

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

 

Freddie Mac forecasts the following….”mortgage rates will continue to rise throughout the end of next year.” This is not new news, we’ve been told this for months. “Expect rates to rise to 3.8% by the fourth quarter of 2022.” Still an amazingly low rate but it will cost you a bit more to wait.

 

If you’re thinking about selling your home in the next 12 months, now is the time to get a plan in place.

 

I understand the financial and logistical complexity of this move. I myself sold a 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 get the results they deserve so that they can move on to their next chapter with ease.

 

Call me today for your Initial Consultation 🡺 615-438-8728

 

To your success,

 

License # 306652

SimpliHOM Realty

Visit: AmberCarlson.Com

 

Sumner County Market Highlights:

 

Single-Family Home Stats  2020 YTD 2021 YTD 2020 vs. 2021 Analysis
         
Homes for Sale 1328 387 ↓70.9% Average days on market to Under Contract is less than a week with multiple offers
Months Supply 4.2 0.9 down

78.6%

Fewer homes on the market means new listings gain traction. Anything under 3-5 months supply remains a sellers market!
Average Price per Square Foot $151 $172 up 13.9% Thinking of building? Lumber has caused new construction to raise prices continuously

April 2021 Sumner County Market Report

Ready to maximize the equity in your Sumner County home and move up to your dream home, but not sure where to begin?

If you’re like most people, this is one of your largest financial assets, so you want to make sure that you’re getting the highest possible price when it’s time to sell.

This requires an understanding of our local market and where your home fits into the landscape. As you consider making a change, here are the top things you should know: 

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

Today, the biggest challenge for homebuyers is the lack of homes currently for sale. With listing inventory down 52% from a year ago, bidding wars are skyrocketing. As a result, home prices are climbing. We have seen this for months and experts say this is not coming to an end any time soon, possibly not till 2023

In order to capitalize on this growth, homeowners should prioritize strategic pricing and marketing from the very beginning. Improper pricing or lackluster marketing can cost both time and money.

Despite rising prices, homes continue to move fast. 

Homes are going under contract before they even hit the market. Is this an advantage to the seller? Not entirely. Sellers need to realize that currently right now homes are getting offers 20K and 30K over asking, some way more. Despite a zillow zestimate being not completely inaccurate I tell my sellers to start at a competitive price and you can almost guarantee there will be multiple offers and over asking. Pricing slightly higher is not scaring buyers…they themselves are searching for homes well below their budget in order to offer higher and win the bid.

The last thing you want is for your listing to linger on the market for too long due to under-preparation or mispricing. Even in a strong sellers’ market, having a proven approach is critical to achieving the results you deserve in a timely manner. 

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

Numbers for March have not changed much. Home inventory dropped .1% from last month here in SUMNER CO. Average homes price is $368,000. We are in our 6th month in a row where sellers are getting 100% of their list price, many higher. We are averaging about 1000 homes on the  market for sale. Average days on market, including new construction, is still around 60 days- that’s to allow for sellers needing to find suitable housing. 

If you’re thinking about selling your home in the next 12 months, now is the time to get a plan in place. 

I understand the financial and logistical complexity of this move. I myself sold a 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 get the results they deserve so that they can move on to their next chapter with ease.

Call me today for your Initial Consultation  615-438-8728 

We will cover your goals and my aggressive approach to getting you the highest possible price in the fewest days on market. If it feels like a fit, we’ll discuss the next steps from there.

Call today  615-438-8728 

To your success,

Amber Carlson

License # 306652

SimpliHOM Realty

https://ambercarlson.simplihom.com

Amber@AmberCarlson.Com

615-438-8728

March 2021 Sumner County Market Report

Ready to maximize the equity in your Sumner County home and move up to your dream home, but not sure where to begin?

If you’re like most people, this is one of your largest financial assets, so you want to make sure that you’re getting the highest possible price when it’s time to sell.

This requires an understanding of our local market and where your home fits into the landscape. As you consider making a change, here are the top things you should know:

 

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

Usually this is the time of year we see an increase in homes from Jan. to Feb. but here in Sumner Co, mid February, we had a snow storm that came through and stopped everyone and everything for about a week, including real estate. Availability  and new listings actually dropped from Jan. to Feb. by about 100 homes.  Warmer weather is on the horizon so we should see a rebound.

Is it a good time to buy now? Will interest rates rise by the end of the year? Experts say that if you can answer “yes” to both of those questions then it is definitely a good time to buy now…..or it will cost you–about $20K in fact, if you decide to wait.

In order to capitalize on this growth, homeowners should prioritize strategic pricing and marketing from the very beginning. Improper pricing or lackluster marketing can cost both time and money.

 

Despite rising prices, homes continue to move fast.

The bright spot for buyers is that more homes are going to be available the last six months of 2021, according to realtor.com. Chief economics Mark Fleming says, “ Despite the intention of home builders to supply more homes, the big short will continue to the end of 2021 and will likely keep house prices flying high.”

The last thing you want is for your listing to linger on the market for too long due to under-preparation or mispricing. Even in a strong sellers’ market, having a proven approach is critical to achieving the results you deserve in a timely manner.

 

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

With multiple offers on the table sellers are going for more cash offers, no to low contingencies which are leaving the first time home buyers with FHA and USDA loans practically out of the race. Their best bet….new construction if they want to get into  a new home this year!

 

If you’re thinking about selling your home in the next 12 months, now is the time to get a plan in place.

I understand the financial and logistical complexity of this move. I myself sold a 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 get the results they deserve so that they can move on to their next chapter with ease.

 

Call me today for your Initial Consultation 🡺 615-438-8728

We will cover your goals and my aggressive approach to getting you the highest possible price in the fewest days on market. If it feels like a fit, we’ll discuss the next steps from there.

 

Call today  615-438-8728 

 

To your success,

 

Amber Carlson

License # 306652

SimpliHOM Realty

https://ambercarlson.simplihom.com

Amber@AmberCarlson.Com

615-438-8728

Sumner County Market Highlights:

 

Single-Family Home Stats  2020 YTD 2021 YTD 2020 vs. 2021 Analysis
Average Sale Price $346,000 $398,000 up 15.9% With prices on the rise, it’s critical to price your home correctly from the very beginning to generate strong offers.
Average Days on Market 73 59 down 19.2% Average days from Active to under contract is still low….22 days. This stat. includes new construction.
Months Supply 4.2 1.3 down

69%

Fewer homes on the market means new listings gain traction. Anything under 3-5 months supply remains a sellers market!
Average Price per Square Foot $145 $162 up 11.7% Thinking of building? Lumber has caused new construction to raise prices frequently. And it’s taking longer to build….6 months min.

 

February 2021 Sumner County Market Report

Ready to maximize the equity in your Sumner County home and move up to your dream home, but not sure where to begin?

If you’re like most people, this is one of your largest financial assets, so you want to make sure that you’re getting the highest possible price when it’s time to sell.

This requires an understanding of our local market and where your home fits into the landscape. As you consider making a change, here are the top things you should know: 

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

“Treasury rates have really been moving up since the election, but interest rates have been moving down…..we’re going to start to see mortgage rates drift up with treasury rates as opposed to moving in the opposite direction,” according to chief economist Michael Fratantoni

Experts say, based on price appreciation, that if you bought a home last month for $300K  your appreciation over the next 5 years could be equivalent to $54K.

In order to capitalize on this growth, homeowners should prioritize strategic pricing and marketing from the very beginning. Improper pricing or lackluster marketing can cost both time and money.

Despite rising prices, homes continue to move fast. 

Most of the homes I have found for my buyers have been off market. It’s definitely a market where it might be a quick sale for sellers but I am definitely hustling/working harder to find my buyers homes. I assure them that I will not leave them homeless. There are options out there.  We are still at an all time low in inventory across the nation. Sumner county had 1000 more homes to choose from this time last year.  Sellers- take advantage of this market….it will not last forever!

The last thing you want is for your listing to linger on the market for too long due to under-preparation or mispricing. Even in a strong sellers’ market, having a proven approach is critical to achieving the results you deserve in a timely manner.