Real Estate Opportunities for Buyers in Southeast, Tennessee
Buyers be aware of changes in the real estate climate for the River Counties Tennessee area. River Counties MLS includes the following counties: Bradley, Polk, McMinn, Monroe, Bledsoe, Rhea, and Meigs counties.
Nationally, according to the National Association of Home Builders study, home prices and mortgage rates are unlikely to go down. “It’s an indicator that this is an opportune time to buy”, says David Crowe, Chief Economist. Stable mortgage rates and lower median home prices gave housing affordability a slight boost in the first quarter.
Looking at our local River Counties MLS statistics, our first quarter shows an average sales price of $135,923 compared to all counties of Tennessee of $144,405. There were 459 sold properties with an average of 160 days on market.
Relocating to Southeast Tennessee is a popular thing right now. Our climate is mild with magnificent change of seasons. Retirees are finding this area is appealing because of the low cost of living, low utilities, and friendly atmosphere. Affordable home prices not only are perfect for retirees and second home buyers but also for first time home buyers too. As some buyers say, “you just get more for your money here and it doesn’t break the bank”.
The first step is to discuss your real estate goals with an experienced realtor, especially one that puts your wishes first.
Your Real Estate Professional should be:
- Knowledgeable about the communities of interest to you.
- Aware of the complicated local and state requirements affecting your transaction.
- Effective in multi-party, face-to-face negotiations.
- Highly-trained, with access to programs for continued learning and additional certifications.
- Supported by professional legal counsel
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(all data current as of 8/16/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.