It's been a minute since June, and we've all felt the market cool a bit. However, June was hotter than July (possibly).
1. Inventory was still historically low, if flat month over month.
2. Closings were still historically high, if flat month over month.
3. Prices were WAY up in June. The average price for a 3 BR home went from about $173,000 to $199,000 year over year.
4. So far closings have closely tracked just above 2017. It will be interesting to see if we have that somewhat seasonal July dip and that HUGE August jump this year as well.
*All information provided by KAAR (Knoxville Area Association of Realtors) and is for the greater Knoxville area including Knox County and surrounding counties. My opinions are just that: opinions. I'm not really an expert in anything, but I do like to write about real estate.