Home price increases have slowed this year, but another takeaway from the June market report is that the forecast is a 3% increase
According to homesforheroes.com, the housing market is an ever-evolving thing. There is truth to that.
In June, home prices continued to increase nationally, although slowly, and interest rates are being influenced (as is usually the case). Read the full report HERE.
“Builders are helping the affordability issue by increasing the availability of smaller, more affordable homes,” according to the report.
Home price increases have slowed this year, but another takeaway from the June market report is that the forecast is a 3% increase (down from 5.5%). Still great news for sellers, not so much for buyers. In April, according to the National Association of Realtors (NAR) existing home sales report, home sales price grew 5.7% from April 2023, the 10th consecutive month of year-over-year price gains.
With that in mind, let’s dive into this month’s list which includes many beautiful homes sold in Putnam County during June.
Topping the list is a gorgeous 2,659 square foot property and home with three bedrooms and three-baths on 3 acres at 6229 Ditty Road in Cookeville (pictured above and below) that sold for $850,000. The brick home has updated landscaping, exterior lighting and an additional 3 bay garage.
6229 Ditty Road
2. 1905 river’s Edge Road, Cookeville
4 bd 4 ba
Square Feet: 3,200 square foot painted brick home located with easy access to Hwy 111 or I40
Purchase price: $763,000
1905 River’s Edge Drive, Cookeville
3. 728 Sawmill Road, Monterey
3 bd 3 ba
Square Feet: 3,508 located in Cumberland Cove
Purchase price: $735,000
728 Sawmill Road
Photos courtesy of Zillow.
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