Middle TN Monthly Home Sales January 2016
The chart above shows how many homes have sold (Single family, condo, auctions, multi-family and land) in the entire Middle Tennessee area.
I want to highlight that the 2015 Years total sales only missed reachign the 2006 levels by about 10%. Going back 9 years 2006 was a banner year in Middle TN for real estate so that means that we have recovered. 2015 also had 11% stronger sales than 2014. In fact the trend of year over year increses goes back 55 months with the exception of Nov 2015 which was only slighted by a dip in November closings due to the new TRID guidelines that took affect for mortgages in October 2015. Many closings were delayed in November due to TRID but you can see that they rebounded with a very strong December 2015. Therefore, I think it is safe to say we have had 55 months of straight year over year increases.
The video below is my February 2016 Newsletter video that showcases some of the things going on in the Franklin TN Real Estate market. But it is safe to say we are for sure in a SELLERS MARKET.
Are you in need of real estate services? Call The Relocation Engineer today to find out how he can Engineer Your Next move.
The Grumbles Team's Mike Grumbles is The Relocation Engineer in Franklin, Tennessee 615-587-5843.
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