Mt. Juliet Home Sales August 2020 Review

Mt. Juliet Home Sales August 2020 Review

Mt. Juliet saw a slight drop-off in Home sales from the blistering pace in July.

A total of 167 Homes closed in August down from 186 in July, a 10% drop.  Mt. Juliet Home prices continued steady at $161 a sq. ft..  If we break down that number we see that new construction homes are driving that number.

New Homes -Fully 1/3 of the Home sold were new and sold for $169 a sq.ft.  New Homes sold for $438,000 on average.  The Average New Home had 4 Bedrooms, 3.5 Baths and approx. 2600 sq.ft.

Existing Homes in Mt. Juliet sold for $164  per sq. ft. The average Existing home had 3 Bedrooms, 2.5 Baths and about 2500 Sq.ft.

Days on Market- The time it takes sell a home edged up slightly to 67. 

Inventory of Available Homes - Homes for sale in Mt. Juliet slipped to their lowest level since January of 2018Currently there are only 351 Homes for sale in Mt. Juliet. That's only a 2 Months Supply!  

As you can see from the chart above, This is a Seller's Market!  

Conclusion
If you are thinking of selling your home, don't delay.  The combination of Low Interest Rates, Corporate relocation  to Mt. Juliet and low availability make this a unique time to get the most for your home. 

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