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