As someone who’s helped clients navigate moves across Tennessee—and personally experienced the ups and downs of relocating—I keep a close eye on the latest housing trends to better guide you through your own journey. Q2 brought a mix of signals for our state: home closings were up in Nashville, Memphis, and Knoxville, and inventory continued to build, making it a bit easier to find the right fit. Knoxville saw the most notable growth both this quarter and over the past year, while home prices across Tennessee remained steady in Q2 and have risen around 3% compared to last year.
Behind the scenes, homeowner vacancy rates dipped slightly, and residential construction picked up: multifamily permits jumped about 16%, and overall permits were up 6%. Housing-related tax collections also strengthened, with real estate transfer taxes increasing by approximately 13% and mortgage tax collections up 25% from the previous quarter. Although we saw a rise in mortgage delinquencies both quarterly and yearly, foreclosure rates actually improved a bit and remain just below last year’s levels.
All of these moving pieces mean it’s more important than ever to have someone on your side who knows the local landscape and can anticipate changes before they affect your plans. Whether you’re buying, selling, or relocating—especially if you’re facing a big transition like a PCS or first-time purchase—I’m here to help you move from just looking to just closed, with honest guidance and a steady hand.
Leave a Reply