News Talk 94.1/AM 1600 Where The Upper Cumberland Talks
Despite economic challenges nationally, the head of the Upper Cumberland Association of Realtors called 2024 a “not bad” year.
President Amanda Selby said more than 2,500 homes sold in the Upper Cumberland this year. Selby said the market remained steady, as national economic leaders looked at interest rates and the impact on inflation.
“So a little bit different but there’s still good activity, good growth in our area,” Selby said. “You know, the average sales price of a home in our area is actually $340,000 so good affordable housing, we got for anyone coming into the Upper Cumberland area.”
Selby said that in 2025, she expects the market will remain steady. Selby said that there will be an increase in the spring but nothing too eye-opening. Selby also said that the surge in building permits issued gives people more choices.
“A little bit more inventory for people to view so they might take a little bit longer. Have more choices to see instead of just kinda quick reacting which is great, There’s a lot of new construction in our area so more room for growth as well.”
Selby said that the market’s stability is, in a way, a blessing in disguise for current residents looking to move. With little volatility, those considering a move have a sense of security, knowing the market isn’t prone to sudden shifts.
“If anyone thinks it’s a good time to downsize or it’s a good time to upgrade, our family is growing, you know that constant growth we have in our area,” Selby said. “You’re going have the opportunity to do that at a good pace, at a good market value of a home.”
