The real estate market is highly dependent on supply and demand. It continually fluctuates each year and even from season to season. If you are thinking about entering the market, below is information on the Franklin TN fall real estate market.
Fall historically remains an active time of year. Buyers attempt to complete their real estate purchase prior to the winter, holidays, and year end (for tax benefits). Mortgage rates are also at historic lows, enabling more buyers to afford home ownership. This fall, some communities are seeing low inventory levels. This might be due to fewer foreclosures, owners holding on to their properties waiting for values to rise, or owners incorrectly believing that homes are not moving. Whatever the cause may be, it is resulting in low supply during a time of high demand. The result is an influx of activity for listings new to the market, multiple offers on properly priced properties, and listings going under agreement within short time frames.
More on the Franklin TN Fall Real Estate Market
If you are contemplating listing, it is a good time to sell. With a Realtor who knows the market, your residence can be positioned to move quickly and for maximum market value.
If you are trying to buy, get pre-approved and be ready to act quickly. Homes in good condition and properly priced will not last long in this market.
This Franklin TN fall real estate market blog is only an overview.
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