July 2024 Market Update

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July 2024 real estate market update for Hamblen County, TN! In this video, I break down the latest stats and trends in the Morristown real estate market.
Here's a quick overview:
101 new listings in July
55 homes sold with an average sales price of $305,857
Median sales price at $258,500
Sold prices ranging from $30,000 to $1,175,000
70% of homes sold in less than 30 days
Interest rates have dropped: 30-year conventional fixed at 6.125%, 30-year FHA at 5.875%
With lower interest rates, now is a great time to consider selling your home. Watch the video to get all the details and see how the market is performing. If you're thinking about selling or want to know more about the market, use the link in the description to schedule a time to talk. Or reach out by text 423 748 8811. I'm here to help you navigate the Morristown real estate market in 2024!
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