Real Estate Monthly Market Reports August 2022

Real Estate Monthly Market Reports August 2022

The AVG. SALE PRICE in AUGUST continued the double-digit increase over AUG LY as did all counties on a YTD measurement as well. Rutherford was the highest at 27.6% while Cheatham was the lowest in August with an 11.8% increase over LY.
 
Unit Sales in AUGUST continued to decrease substantially again in all counties. YTD through AUGUST now shows decreases in all counties except Robertson & Montgomery.
 
Inventory supply going into SEPT. has increased the last 2 months due primarily to the decrease in unit sales over the same time frame. Four counties now have 2.0 + months of supply, and all others range from 1.5 upward.
 
The number of Days on the Market in AUGUST vs. JULY increased by a day or two in most counties. Rutherford was the lowest with 9 DOM, & others ranged upward to 16 days.
 
New Home Sales continue to be as high as 36.7% in Wilson, and 16.1% in Cheatham. New homes ranged from 25% of all homes sold during the last 12 months.
 
The links to the Counties and Summary Report are below.
The Summary Report provides a quick view of all county activity.
 
Davidson
Williamson
Rutherford
Sumner
Wilson
Maury
Robertson
Cheatham
Montgomery
SUMMARY
 

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