Top Mega Teams in Tennessee – Ranked by Volume

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    • Rank – State VolumeTeam NameCompanyLocationVolumeProfile
    The Ashton Real Estate GroupRE/MAX AdvantageNashville, TN$877,653,398
    Level EightKeller WilliamsMount Juliet, TN$424,185,658
    Redbud GroupKeller WilliamsNashville, TN$336,650,367
    The Edrington TeamBerkshire Hathaway HomeServices J Douglas PropertiesChattanooga, TN$184,827,616
    Wallace Group Home & LoanKeller Williams Realty Memphis CentralMemphis, TN$128,762,650
    Kellerhals TeamKeller Williams Realty Greater DowntownChattanooga, TN$109,544,326
    The Morrow GroupeXp RealtyLakeland, TN$106,354,727
    Choice Homes TeameXp RealtyChattanooga, TN$83,921,609
    Campos TeamKeller Williams Realty Greater DowntownChattanooga, TN$72,471,929
    Hero Homes GroupeXp RealtyCharleston, TN$72,353,493

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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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