RedReport - October 2017


The Red Forecast

2017 looks like it will end slightly above 2016 in closing volumes. The interesting number that I double checked to make sure the numbers were correct is this is the first time in a long time the inventory is higher than the same period last year. Rutherford is still 3% lower, but the others are higher than last year making the total average inventory slightly higher than a year ago. We’ll watch this number to see if it continues to improve and how the sales follow. If inventories continue to increase, I think we’ll see sales increase as well because so many are on the fence waiting to buy a home. Several homeowners are also afraid to sell their home because they don’t think they will find another one to purchase, so as inventories improve, it could create even more sellers willing to sell which will increase inventories and purchases. The inventories are still 17% lower than they were ten years ago, but any sign of improvement is a good sign.

Red Realty is about to kick off the special Christmas Edition of the Red Realty Charity Challenge. Look for the post on Facebook the week of Thanksgiving. Nominations will be received the last week of November, voting is December 1st -10th. We had a great time with the initial Charity Challenge so tune in for the fun with a few special Christmas guests joining us this time as we give away another $10,000.

Happy Thanksgiving & Only 50 days til Christmas!!


Thank You!
Steven Dotson

1574 Medical Center Parkway

Suite 202
Murfreesboro, TN 37129
Direct: 615-896-1400
Office: 615-896-2733

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