Murfreesboro home sales are still slowing down due to the impact of high interest rates. The number of closings for May was down 17% compared to May of 2022 and the median sales price was down 6% But the average days on market is still only 32 days and the list price to sales price ratio is 99%.
- 359 Murfreesboro homes sold during the month of May compared to 432 last year
- 690 homes are currently pending sale most are new construction homes waiting to be finished
- 512 Murfreesboro homes are listed in the Nashville MLS as available for purchase
- the average size of homes sold during the month of May was 2203 square feet
- the list price to sale price ratio of homes sold was 99%
- The median price of Murfreesboro homes sold during the month was $412,000 compared to $439,170 last year a decrease of 6%
- The median price per square foot of homes sold was $210, compared to $214 last year
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This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area
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