The State of the Market for 2024

As the new year starts it is good to both look backward and forward with information about real estate. That way, I can keep clients informed about the market and be kept abreast of the latest developments. The following is information from the Tennessee Association of Realtors for January 2024.• There were 3.87 months of inventory–up 13.8% year over year.• There were 5,154 sales in January 2024–down 10.8%• There were 31,567 listings on the market–down by 5.3%• The medium sales price was $282,299–up by 8.2%

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