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