April 2024 Housing Market Snapshot

Dated: May 9 2024

Views: 19

Shelby County HousingFranklin County HousingAnderson County Housing

APRIL HOUSING MARKET SNAPSHOT
Key Notes:
  • Sales actually went down slightly in all areas except Franklin County. If we look at the areas where it went down, note the larger increase it new listings in those areas. If new listings were able to increase that much based on the previous month, that shows there may not have been a whole lot of new activity which means less inventory to choose from to turn into sales.
  • Active listings stayed somewhat the same month to month everywhere except Woodford, where they saw a slight increase. This shows sales and new inventory in correlation - leaving about the same number of homes available.
  • Days homes are sitting on the market actually declined in almost all areas. This is great as it shows things are moving off the shelves of inventory. This is great also since there is new inventory continuing to come on the market to replace what's being sold.
  • Pricing hasn't gone up or down anything crazy compared to last month.
--- Don't wait to reach out regarding your own home. Let's get to prepping! I am a great advice giver in terms of what to or not to do based on sales in the area, pricing and your goals. ---
Buyers; it is sounding like any significant interest rate reduction may not occur until the last quarter of this year - so if you need to buy now, don't wait and miss out on homes in hopes of a major change in a month or so. #RefinanceLater

Don't forget I am here for you. Even if you're not ready yet to make your move but need help deciding how to prep your home for the market, or need to figure out what you need to buy a home. Don't go about it alone. Questions?  Contact me here!

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Cassidy Eden

Cassidy Eden, Your Expert REALTOR® for Residential and Equine Properties   Service Cassidy Eden is your trusted Realtor® with a genuine passion for real estate and a deep-root....

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