December 28, 2018. Smyrna, TN
What is happening with home sales in Smyrna, TN? Check out this snapshot of the residential real estate market in Smyrna and see below for the explanation. Visit this search to see homes for sale in Smyrna, TN.
Smyrna, TN home sales
As of December 28, 2018, there are 168 homes for sale in Smyrna, Tennessee. This reflects a typical wintertime slowdown, although it is still less than 3 months of inventory. This time of year presents a good opportunity for home buyers to shop without the competition that is common during the warmer months.
The median list price of homes for sale in Smyrna, TN is $325,450. Homes in Smyrna are continuing with the general trend of increasing home values in Middle TN over the past 5 years. Prices were about 9.4% higher for homes in Smyrna compared to the same period last year.
57 homes sold in Smyrna in the past 30 days. That’s down 31% from the same period last year, when 83 Smyrna homes sold. Homes that come on the market get under contract within 2 or 3 weeks. The median DOM (days on the market) for Smyrna was 17 days. This is slower than previous months, and is reflective of the wintertime slowdown. In many other parts of the country, 17 days on the market would be considered blisteringly fast.
My take
The tail end of 2018 has proven to be another excellent period in Smyrna TN real estate. Home prices are rising at a more normal rate, which is encouraging for home buyers. One thing to keep an eye out for: interest rates are rising and are expected to continue to rise throughout 2019. It would be smart to lock in a rate now if you are planning on making a purchase in the near future. For home owners, Smyrna TN is one of the most desirable communities in the area. Jobs are plentiful and the population is increasing. Homes continue to increase in value, and rates are still relatively low, making this an excellent time to sell.
Check out these new listings: homes for sale in Smyrna!
What would your home sell for? Find out here!
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Aaron Lovett is a full-service Realtor in Smyrna, TN, working out of the regional office of Weichert Realtors, The Andrews Group in Murfreesboro, TN. His service area includes Smyrna, Murfreesboro, the remainder of Rutherford county and surrounding areas, including Nashville and Davidson county. He cares for the needs of sellers, buyers, and investors. Aaron has lived in the area for over a decade. He takes pride in helping home buyers and sellers reach their real estate goals.
