Market Updates January 16, 2024

Market Update: Powell, TN DEC 2023

Market Update: Powell, TN 37849

Hey there, buyers and sellers! Jason Strickland, your trusted REALTOR® from Wallace Real Estate, is here with the latest scoop on the housing market in Powell. Let’s dive into the numbers and trends for December 2023.

Months Supply of Inventory: We currently have a healthy 1.47 months supply of inventory in Powell! Over the past year, we’ve seen an impressive 79.27% increase in the monthly supply of inventory, indicating a growing market.

List to Sold Price: Sellers, you’ll be thrilled to know that properties are selling at a solid 98.1% of their list price! This shows that buyers are willing to pay close to the asking price, making it a great time to sell your home in Powell.

Median Days on Market: Homes are flying off the market in just 15 days! With the median days on the market being this low, it’s clear that buyers are actively searching and ready to make quick decisions.

Median Sold Price: The median sold price for homes in Powell is currently at a remarkable $367,450. This indicates a strong and stable market, with great potential for both buyers and sellers.

If you’re looking to buy or sell a home in Powell, now is the time to make your move. Feel free to reach out to me for personalized advice and assistance. I’m here to help you navigate the market with ease and confidence.

Stay tuned for more updates, and remember, I’m just a call or message away.



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