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Trossachs Housing Market Update

 

 

Even though home values appreciated by nearly 30% in Trossachs over the past two years, inventory levels have continued to drop. In fact, our inventory is down 20% compared just to last year. Mortgage rates continue to remain low but are forecast to increase steadily throughout 2018 along with an approving economy. Additionally, the area as a whole is seeing a huge influx of people moving to the area pulled mainly by our robust economy and job market. All of those factors combine for what looks like another year with at least 10% price increases with a potential for that number to push closer to the 14-16% range as competition for fewer and fewer homes continue to over-heat the local real estate market.

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