Top Mega Teams in Tennessee – Ranked by Sides

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    • Rank – State SidesTeam NameCompanyLocationSidesProfile
    1The Ashton Real Estate GroupRE/MAX AdvantageNashville, TN 1,657.0View Profile
    2Level EightKeller WilliamsMt. Juliet, TN 576.8View Profile
    3Wallace Group Home & LoanKeller WilliamsArlington, TN 441.5View Profile
    4The Morrow GroupeXp RealtyLakeland, TN 434.0View Profile
    5The Edrington TeamBerkshire Hathaway HomeServices J Douglas PropertiesChattanooga, TN 426.0View Profile
    6Kellerhals TeamKeller WilliamsChattanooga, TN 285.9View Profile
    7Campos TeamKeller WilliamsChattanooga, TN 258.6View Profile
    8Griffin Home GroupeXp RealtyJohnson City, TN 250.0View Profile
    9Choice Homes TeameXp RealtyChattanooga, TN 181.0View Profile
    10Living TennesseeeXp RealtyNashville, TN 109.0View Profile

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    2023 Tennessee Housing Market Summary

    Tennessee started 2023 with a total of 15,011 single-family homes on the market, with a median home price of $418,400 and an average price per square foot of $234. By the end of the year, inventory had increased to 15,980 homes on the market (+6%), with a median home price of $432,000 (+3%) and an average price per square foot of $262 (+11%).

    At the start of 2023, the median days on market (DOM) was 70 days – by the end of the year, median DOM had remained the same at 70 days.

    Tennessee started the year with 35% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 36% of Tennessee homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Tennessee started 2023 as a strong seller’s market, with an MAI score of 46; by the end of the year, the MAI had dropped to 35 – a slight seller’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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