MLS #: RS234070S (Sold) | List Price: $1,348,600
📍220 Lori Lane Silver Point, TN 38582

3 Beds, 4.5 Bath, 3038 SQFT, 7.07 ACRES

Remarks: The detached garage has the basement for car storage.

Tennessee Housing Market Update: What’s Next for 2025?

Existing home sales in the United States increased to 4.24 million in December from 4.15 million in November 2024. By the end of the year, experts predict sales will reach 4.3 million, signaling potential stabilization after a turbulent market.

Why does this matter? Home sales nationwide have dropped over 35% since the peak in summer 2022. Here in Tennessee, the market has seen a shift, with inventory levels rising while buyer demand struggles to keep pace. More homes on the market often mean longer days on market and more competitive pricing.

If you remember your economics classes, you know that when supply increases and demand slows, prices tend to soften. That’s exactly what many parts of Tennessee have experienced over the last couple of years.

The good news? A turnaround is on the horizon.

Industry experts predict Tennessee could see a 3-5% increase in home sales in 2025, with some optimistic forecasts projecting even stronger growth. While some U.S. markets still face inventory shortages, Tennessee buyers now have more options—though affordability remains a challenge as mortgage rates continue to impact purchasing power.

Now, more than ever, experience matters.

Navigating this evolving market requires skill, strategy, and a deep understanding of local trends. Hiring an experienced real estate agent can make all the difference in guiding clients through pricing, negotiations, and securing the best deals. As Oscar Wilde put it, “Experience is simply the name we give our mistakes.” The right agent ensures those mistakes are minimized—if not avoided altogether.

Stay informed, stay prepared, and let’s make 2025 a year of success in Tennessee real estate!

Agent Spotlight

Jenny Holmes, Skender-Newton Realty

With 7 years of experience in real estate, Jenny Holmes is a dedicated Listing Specialist who thrives on helping clients turn the page to new chapters in their lives. Jenny’s passion for meeting new people and guiding them through the buying and selling process has earned her prestigious accolades like the Lifetime of Excellence Award and multiple designations, including AHWD, PSA, and SRS. Her advice for buyers and sellers? Listen to your agent and don’t compare your home to your neighbor’s! When she’s not working, Jenny enjoys making lasting memories with her family and friends.

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