There is a trend here... Higher, Higher, Higher! 💥
August 2020 vs August 2019
Closing Volume = +3% higher
Average Closed Prices = + 10% higher
Pending Volume = + 33% higher
Closings by County for August 2020 vs August 2019:
Davidson is -4.3% lower
Rutherford is +3.6% higher
Williamson is +9.9% higher
Wilson is +19.2% higher
Pendings by County for August 2020 vs August 2019:
Davidson is +34% higher
Rutherford is +37% higher
Williamson is +29% higher
Wilson is +31% higher
The trend continues with home sales rebounding. Davidson appears to be a delayed rebound, but pendings show Davidson may
catch up with the other counties to also have a nice recovery soon.
Pendings are very strong which tells us this rebound will continue in the foreseeable future.
Low inventory continues to be an issue. Interest Rates are lower than we thought was possible.
Thank you to our President, Steven Dotson, for always being consistent in providing these numbers for us!
*Reminder: Pendings are new contracts that are waiting to be closed in the near future, usually 4-6 weeks out.
The Red Report sponsored by:
The monthly report is a simple comparison of the most recent completed month to the same month last year.
The quarterly reports will be a more detailed report looking at year to date, same period year to year and quarter
to quarter comparisons. All Red Reports include Davidson, Rutherford, Williamson and Wilson Counties.
