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Murfreesboro TN Real Estate Market is BACK - Buy Your New Home NOW!
Murfreesboro TN Homes Inventory is Down and Sales Are Up!  It’s been a long four years.  But make no mistake, the Murfreesboro TN Real Estate market is in recovery!  There are three factors that are fueling this recovery and laying the foundation for home prices to start trending up. 
 
The first is that our housing inventory has dwindled.  Gone is the glutton of spec homes available from builders.  New homes are becoming uncommon unless a buyer wishes to custom build.  There are currently 106 new homes listed for sale in the Murfreesboro city limits and many of those listings are for homes "to be built" but are not under construction.   Existing homes listed for sale have also decreased.  In September 2010 there were 970 homes for sale, compared to September 2011 there were only 853.  That is a reduction in inventory of almost 13%.  Real estate prices have always been driven by supply vs. demand.  Fewer homes means rising prices and more competition between buyers for the premium listings.
 
Second, the dramatic drop in home prices has made homes more affordable than ever before.  Murfreesboro TN homes have already experienced the worst drop in value.  The average closed ... more

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