📈 Rutherford County Real Estate Market Update – Week Ending July 27, 2025

As we close out another week in the Middle Tennessee housing market, there’s no shortage of movement — and opportunity. Here’s your latest breakdown of what’s happening right now in Rutherford County real estate.

🔑 Key Market Stats (Week Ending July 27, 2025)

• Active Listings: 1,576 (⬆️ from previous weeks)

• New Listings This Week: 116

• Pending Sales: 121 (highest in 10 weeks)

• Closings: 90

• Expired Listings: 94

• 3-Month Closings: 451

• Months of Inventory: 3.26 (up from 3.02 last month, up from 2.39 last year)

🏡 Market Breakdown by Price Point

Inventory levels continue to rise, with most of the increase concentrated in the under $300,000 and $400K–$600K ranges.

• Under $300K: 2.5 months of supply

• $300K–$400K: Still strong seller’s market

• $400K–$600K: Starting to balance

• Over $1M: Big surge in pendings, especially in Southern Harmony/Del Webb

📌 Reminder: A market with less than 4 months of inventory is considered a seller’s market.

📊 Trending Charts You Should Know About

• New Listings: Nearly identical to last year, with a small 4-week bump mid-summer.

• Pending Sales: 121 this week vs. 115 same week last year. This is the highest pending total in 10 weeks.

• Pending Percentage: On the rise, showing strong buyer activity even with more inventory.

• Inventory Growth: Steady increase week-over-week. Likely 25–30% higher than last July.

💰 Price Cuts – A Telling Sign

• 38% of all Rutherford County listings have had a price cut.

• Murfreesboro: 40% have seen price reductions.

• Smyrna: Lower at 35%, but still notable.

This tells us one thing: buyers are gaining negotiation power, and accurate pricing is critical for sellers right now.

🏗️ What’s Happening in New Construction?

Builders are pulling back on new builds — surprising, given we’re still underbuilt. A recent report showed the Nashville region is short by 90,000 units. Across the U.S., we’re millions of homes short of demand.

Why the slowdown? Affordability. Buyers want homes — they just can’t stretch budgets at current rates and prices.

🔮 Zillow Forecast & Home Value Outlook

Zillow’s updated forecast for over 400 metro areas includes:

• National Top Markets: Atlantic City (2.9% appreciation), Knoxville, TN in the Top 5.

• Nashville Metro (includes Rutherford County): Forecasting a 1.2% price drop over the next 12 months.

For long-time owners, this is minimal. But if you bought between mid-2022 and now, it could impact your selling strategy.

📉 Mortgage Rates: 6.74% (Down Slightly)

The average 30-year fixed rate sits at 6.74%, slightly down from last week. Experts believe the “magic number” is 6% — when rates dip that low, we’re likely to see a significant influx of buyer demand.

Until then, many are holding off, saving, and waiting for affordability to improve.

🧠 What Does This Mean for You?

• Sellers: If you haven’t had activity, your pricing might be off. With buyers still active, especially under $600K, now is the time to adjust.

• Buyers: You’ve got more leverage — more homes, more price cuts, and less competition.

• Investors: Strong rental demand + flattening prices = opportunity to buy smart.

👋 Let's Talk Strategy

Whether you're buying, selling, investing, or just watching the market — now is the time to stay informed and plan ahead. Our team uses this exact data every day to guide clients to smart real estate decisions.

📞 Call or text John Turner: 615.586.0900
📧 Email: John@TurnerVictory.com
🌐 Website: www.TurnerVictory.com

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