The graphs below show the recent trends in average prices of homes in Farragut, Tennessee.  By looking at the trends of active and sold homes in Farragut we can get an idea of whether prices are trending up or down.

This first graph looks at the active homes for sale in Farragut and how their average prices are trending.  We can see that prices of homes for sale in Farragut are most definitely trending upwards at a fairly steady pace with the average list price rising significantly over the last year.

[market_stats width=”600″ height=”600″ type=”price” display=”ActiveAverageListPrice” property_type=”A” location=”PostalCode=37934&37934″]

This second graph looks at the homes sold in Farragut and how their average prices are trending.  Sold prices of homes in Farragut are also up from one year ago, but stayed fairly steady between July and November.  The drop in the winter months is typical of the winter months but you can see that prices are gaining fast on the highs from the last year and will most likely surpass them with the hot Spring selling season upon us.

[market_stats width=”600″ height=”600″ type=”price” display=”SoldAverageSoldPrice” property_type=”A” location=”PostalCode=37934&37934″]

What does this tell us?  For sellers, this is good news, as prices are rising. Therefore, it’s a good time to be selling your Farragut home for top dollar.  If you are looking to buy a home in Farragut, the time is now, as continuing to wait will most likely have you paying higher prices.  Couple this with what economists say will also be rising interest rates and that spells less affordability in the near future. To discuss your goals for selling a home in Farragut or buying a home in Farragut, contact me, Troy Stavros to set an appointment to sit down and plan a strategy.