Sometimes it’s the little things that matter the most. The Murfreesboro TN Real Estate Market is trending up and it is the tiny changes that I experience each day that confirm this belief. There are no sky rocketing home prices or major economic events that has caused the change. It is the little things that indicate the Murfreesboro real estate market is changing. We have experienced a down real estate market - for a long, long time. This has caused many buyers to become professional fence sitters. But little changes are taking place each day in our market. Buyers who fail to notice these changes will miss out on the home buying opportunity of a lifetime and may find that life on the fence isn't so grand!
Market reports, statistics, data, data, data...they all show a trend that the Murfreesboro TN homes market is trending up. The newest reports released from the Middle Tennessee Association of Realtors show that 260 homes were closed during October 2011 in Rutherford County with an average sales price of $172,499. This is a nice increase compared to October 2010 that indicated Rutherford County had 218 closed home sales with an average sales price of $167,109. Little changes, but a big impact on buyers who keep waiting and waiting for prices to get lower or seller’s to become more desperate. The home sales trend is now moving in favor of the sellers! Some areas are even in a seller’s market because of low inventory!
Sunday I received a call from a gentleman inquiring about a listing they had been interested in for a few weeks but didn’t feel an urgency to make an offer. Sorry, but that home is now under contract! The buyers were very disappointed and asked me to please let them know if the contract fell through. The contract appears solid so it looks like this couple missed out on a great deal and a great home that he said was perfect for them. They have almost 50% to put down, but just couldn’t make a decision to submit an offer.
Monday I received a call from an out of town buyer who had been watching a home online for TWO years! She had just sold her home and will be moving to the area soon and felt like this was the home she would want to make an offer on when she comes to town next week. Unfortunately, the seller’s received two offers over the weekend! The Purchase Agreement was made binding on Monday and they accepted a backup offer if the first deal falls through. Needless to say, the buyer was shocked and very disappointed.
I had an investor who was interested in a foreclosed listing that had been on the market for some time. We had looked at the home twice and there was a lot of potential there. But, like with the other buyers there was this false sense of security that the market was slow and the home will be waiting whenever he decided to make an offer. That home went pending last week as well.
The market reports show the Murfreesboro Real Estate market is changing. The data confirms that Murfreesboro TN homes are selling in larger volume and for higher prices. But, it’s the little things that make me realize that potential buyers really need to act now! Real estate in Murfreesboro is selling! The phone calls that I receive almost daily confirm that our market is changing.
If you are considering selling your Murfreesboro TN home, or would like to buy real estate in Murfreesboro TN or the surrounding areas, please contact me at 615-566-3789. Visit us online and sign up for the Market Insider report at SellMurfreesboroTNhomes.com!