East Tennessee home sales in August saw a healthy 2.1% increase over July, and a 7.4% increase over August 2024.The median sale price was $376,200 — up 3% from the previous year.Total housing inventory has increased 31.4% from the previous year.Half of the homes sold were under contract in 28 days or less, up from 20 days a year ago.39% of homes sold for the asking price or above, with 18.3% selling for more than the asking price. 7.9% sold for at least $10,000 over asking and 2.7% sold for at least $25,000 over asking price.5.5% of all homes sold in August sold for more than $1 million, a new high mark for the year.The sale-to-list price ratio lowered slightly to 98.6%, still up from 97.6% a year ago.New construction was 11.9% of total home sales.August sales saw a boost over July, outperforming the prior year and bringing the year-to-date total up by nearly 4%.

Florida is down almost 15% and Texas is following the same path.I bring this up because at a recent meetup some investorswere telling me they are willing to pay full price to beat the competition.That's an insanely bad move right now unless you're willing to come out of pocket to cover expenses to try to keep those houses afloat.Stop speculation for the love of the real estate gods STOP.The only time you lose money in a real estate crash is when you sell in bad timing...BUT you must remember that deals are only deals depending on how they were BOUGHT, not how they were SOLD.Heck, even in Denver the smartest investors I know are buying at even deeper discounts because they know DOM are going to be longer than expected.Get better at sales, get better at marketing, don't be romantic on any one market and we will survive. 

👉Huntsville is one of the fastest-growing cities in the South, with a surging population, expanding infrastructure, and relatively affordable cost of living compared to other major U.S. cities.

But my kids are really into Tax Sales ~ but the best deals they get are using the tax sale list to contact owners . . . offering to clear / pay tax debt and give owner some $ for house ( so they can afford to move out. )This must all be done BEFORE the auction  If owner does nothing, and house sells at tax auction, then they get nothing ~ loose the house and the sheriff evicts them  This is all not easy ~ and the success rate is probably less than 1% . . . but they've got some amazing deals. 

.🏡 September Existing Home Sales Tick HigherExisting home closings rose 1.5% from August and 4.1% year-over-year, according to the National Association of REALTORS®.

Quote from @Mani Sundaresan: I’m looking to connect with anyone who has direct experience purchasing properties through Cuyahoga County Sheriff Sales (Ohio) — particularly foreclosure auctions.A few specific questions I’m hoping to get clarity on:Has anyone here gone through the Cuyahoga sheriff sale process recently?

If the area is still affordable compared to nearby cities, has good schools coming up, better infrastructure, or a surge of building permits getting filed, that’s a good hint.

I am using Single family, all price ranges, all sizes, all bedrooms, previously owned, and we will toggle traditional sales and, for context, foreclosure/ short-sale/ lender mitigated.

The profit calculations would be your adjusted cost basis (purchase price, plus capital improvements, minus depreciation), subtracted from the net sale of the property (sales price minus closing costs and commissions), like others mentioned above.

Inventory is bananas:  Vacancy rates have surged from 3.96% to 9.92% (April 2025), with over 15% vacancy in some segments.