Spring is in full swing, and the housing market is heating up right along with it. If you’ve been wondering whether now is the right time to make a move, here’s why this season could be perfect for buying or selling real estate in Cookeville, TN.

1. More Homes for Sale

After years of low inventory, the number of homes for sale near me is finally increasing. According to Realtor.com, active listings are up 27.5% compared to this time last year. While we’re still not back to pre-pandemic levels, buyers now have more choices and flexibility.

Buyers: You have more homes to choose from, which means you can be more selective and find a home that truly fits your needs.

Sellers: With inventory still below normal, demand is strong. This gives you a great chance to sell your home quickly—especially if it’s priced right.

2. Home Price Growth Is Slowing

As more homes hit the market, home prices are beginning to rise more slowly. This is good news for both buyers and sellers. Freddie Mac says:

"In 2025, we expect the pace of house price appreciation to moderate from the levels seen in 2024, while still maintaining a positive trajectory."

Buyers: Slower price growth means homes are more affordable now than they’ve been in recent years. Any home you buy is still likely to gain value over time.

Sellers: You’ll want to avoid overpricing your home. In a balanced market, the right price is key to attracting offers. Use a sell my house calculator to help you figure out what your home may be worth in today’s market.

3. Mortgage Rates Are Stabilizing

Over the past couple of years, high and unpredictable mortgage rates have made it tough for buyers. But now, rates are starting to stabilize and even drop a bit.

Buyers: Stable mortgage rates make it easier to plan your budget and monthly payment. Just be sure to work closely with your lender and real estate agent to understand your options.

Sellers: More stable rates bring more buyers into the market, which helps increase demand for your home.

4. More Buyers Are Coming Back

Thanks to improving inventory, price moderation, and better mortgage conditions, more buyers are entering the market again. The Mortgage Bankers Association reports that mortgage applications are on the rise.

Buyers: Now is a smart time to start your search—before competition grows even more.

Sellers: A growing pool of buyers means a better chance of selling quickly and for top dollar.

Bottom Line

If you’re thinking about entering the market, now is a great time to talk to local Cookeville real estate agents who understand current trends. Whether you’re looking to buy your first home or sell your current one, working with trusted experts like The Ferrell Group can make all the difference.

Ready to get started? Reach out today and let us help you navigate the real estate in Cookeville, TN with confidence!