The market has shifted….and that’s a good thing!
Do not get confused by the verbiage. Deceleration and Depreciation are two different things. Our market is showing deceleration which means that homes are still appreciating just at a much slower pace than this time last year. I noticed the shift with my buyers and sellers in June, it’s like it happened overnight.
Competition has changed as well and buyers are not seeing as fierce competition with offer making as they did just two months ago. With that being said the FEDS must get inflation under control. Over the next 12- 18 months experts are saying that we will see a lowering of mortgage interest rates if history is going to repeat itself. Riding this out as a consumer and worker is going to get worse before it gets better. This is why it’s a great opportunity to still buy while prices are coming down to more normal levels, rates are slowly adjusting down and will continue to do so. As that happens, if you were one of the ones when rates spiked, then over the next 12 months will be a great time to refinance. Ask me about the trusted lenders I use.
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 16 years to get the results they deserve so that they can move on to their next chapter with ease.
Real Estate Market Highlights: NASHVILLE (DAVIDSON COUNTY)
|2021 YTD||2022 YTD||2021 vs.
|Average Sales Price||$531K||$630K||18.6%||Last years appreciation : 18%
Current appreciation: 8-10%
Normal Appreciation is: 3.5%
|New Listings||1326||1000||24.1%||There is a housing shortage.
We are short approx. 100K homes nationwide!!
|Average.Price Per Sq. Foot||$238||$275||23.5%||Even with lumber costs leveling out builders are full speed ahead|
SimpliHOM Realty OFFICE: 855-856-9466 Website: AmberCarlson.Com Lic#306652