Welcome to the heart of Loudon, Tennessee – Tellico Village. I’m Troy Stavros, and I’m excited to share with you the most recent updates from the Tellico Village housing market. This analysis, up to the end of November, is invaluable for those looking to buy or sell in this vibrant community.
Market Trends and Analysis: The Tellico Village real estate market has shown some interesting developments over the past year. Let’s dive into the specifics:
Surge in Home Sales: There’s been a notable increase of 29.6% in home sales compared to last year, with 35 sales recorded in November. This growth indicates a thriving market that benefits both buyers and sellers.
Inventory Dynamics: The inventory of homes has decreased by 12%, resulting in 81 homes available at the end of November. For sellers, this means less competition and potentially higher demand for their properties. Buyers, however, may need to act swiftly to secure their ideal home.
Pending Sales Overview: Pending sales have seen a slight decline of 3.7%, with 26 pending sales in November. This trend provides insights into the pace of the market.
Increase in New Listings: An increase of 35.7% in new listings compared to last year, with 38 new homes hitting the market in November, offers a wider selection for prospective buyers.
Implications for Tellico Village Residents: Understanding these trends is crucial for anyone looking to buy or sell in Tellico Village. Buyers can expect a competitive market with a variety of options, while sellers can leverage the increased demand to achieve favorable sales outcomes.
Conclusion: The Tellico Village housing market is vibrant and dynamic, offering exciting opportunities for buyers and sellers alike. Whether you’re planning to purchase your dream home or looking to sell your property, being informed about the latest market trends is key to making successful real estate decisions.
Get Expert Guidance: For tailored advice and deeper insights into the Tellico Village housing market, don’t hesitate to contact me, Troy Stavros at 865-999-0925. Together, we can navigate this market to meet your real estate goals and aspirations.