The Predictive Sales Tracker #1224

TRACKER
Nov. 24 Smoky Mountain Sales Data Released

Smoky Mountains STR Market: A Hot Tub of Opportunity

The Smoky Mountains short-term rental (STR) market is bubbling with promise! Here’s what’s cooking: (I am done with the creative language and hope you will now download the report)

The Absorption Rate is Getting Absorbed Faster!

Think of this as the market’s metabolism—it’s speeding up! More properties are starting to go off the market then there are coming on the market. 3 months ago we were north of 11 months and today we are right below 9. A slow but steady improvement.

Pending Sales Are Piling Up(Like Pancakes at a Cabin Breakfast!)

While closed sales still left a lot to be desired, pending sales are stacking up. This tells us buyers are ready to move. A improving interest rate environment and a STR market that continues to prove its resiliency should be setting us up for a decent 2025.

Pricing is Rock-Solid(Relatively)

Even with lower demand, prices are holding firm. It’s a testament to the Smoky Mountains’ allure and the resilience of this market. And with demand expected to climb 30-40% over the next five months, STR investors trying to sell should wait patiently as market dynamics improve.

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