Pending Sales Down 18.7% | Murfreesboro Real Estate Market Update
Murfreesboro Real Estate Market Update: April 13, 2026
What Is the Murfreesboro Real Estate Market Doing Right Now?
The Murfreesboro real estate market update for April 13, 2026 shows a market that is shifting slowly but clearly toward buyers. The Turner Victory Team Market Health Score for Rutherford County sits at 44 this week, down from where it was just a few months ago when it was slightly favoring sellers. That does not mean it is a buyer’s market in every price range, but the Murfreesboro real estate market update data is moving in that direction.
Here are the three most important things you need to know from this week’s Murfreesboro real estate market update.
2. Months supply of inventory has risen to 3.61, up from 3.12 in mid-February.
3. 32.7% of all active listings have reduced their price by an average of 3.6%.
Why Are Pending Sales Down 18.7% in Rutherford County?
Pending sales (homes that went under contract this week) dropped 18.7% compared to the same week last year. That is the largest year-over-year drop we have seen all year. For most of 2026, the Murfreesboro real estate market update has shown pending sales running ahead of 2025. This week changed that.
The reason tracks back to mortgage rates. The Consumer Financial Protection Bureau notes that even small rate changes have an outsized impact on buyer purchasing power. The 30-year fixed rate had briefly dropped below 6% in late February, which gave buyers momentum. Then a combination of trade concerns, Middle East tensions, and inflation fears pushed rates back up to 6.46% over about five weeks. This week they pulled back slightly to 6.37%, but the damage to pending activity already showed up in the Murfreesboro real estate market update data, roughly two weeks after rates moved.
If rates continue to ease over the next few weeks, pending activity should follow. We saw strong momentum heading into this stretch and there is reason to think it can return. But this is a mortgage rate sensitive market, and buyers are paying attention to every tenth of a percent.
Months Supply Is at 3.61: What Does That Mean for You?
Every Murfreesboro real estate market update we publish tracks months supply closely because it is one of the clearest signals of market direction. At 3.61 months, Rutherford County is sitting between a seller’s market (under 3 months) and a balanced market (4 to 6 months). But the direction matters as much as the number. We were at 3.12 months in mid-February, and a year ago at this time we were at 3.07 months. Two years ago we were below 2 months. We have nearly doubled months supply in two years.
For buyers, more months supply means more choices and more room to negotiate. For sellers, it means more competition and less urgency from buyers.
What makes this Murfreesboro real estate market update interesting is the spike in active inventory. There are now 1,455 active listings in Rutherford County, a noticeable jump from the prior week. We had been fairly level on inventory all year, so this is worth watching. One week does not make a trend, but if it continues it will push months supply even higher.
How Does Months Supply Break Down by Price Point?
The 3.61 overall number in this Murfreesboro real estate market update is an average. When you break it down by price point, the story is very different depending on where you are shopping or selling.
| Price Range | Approx. Months Supply | Market Condition |
|---|---|---|
| Under $500,000 | Below 3.5 months | Seller-leaning |
| $500,000 – $600,000 | ~5 months | Balanced to buyer |
| $600,000 – $700,000 | ~5 months | Balanced to buyer |
| $700,000 – $800,000 | ~5 months | Balanced to buyer |
| $800,000 – $1,000,000 | ~5–6 months | Buyer-leaning |
| Above $1,000,000 | 6+ months | Buyer’s market |
If you are a seller in the under-$500,000 range, you are still in a reasonably competitive market. If you are above $500,000, the data says something different. There are now five or more months of supply at those price points, a number we had not seen in quite a while until the past two weeks. Do not let the 3.61 headline number mislead you. Know what the numbers say at your specific price point.
New Listings, Pendings, and Closings This Week
147 new homes came on the market in Rutherford County this week, and 40% of those were new construction. That is consistent with what we have been seeing. New construction continues to represent a large share of available inventory. If you are a seller competing against new builds, your presentation has to be on point.
101 homes went under contract this week. Things are still selling. The key is knowing what is happening at your price point. In the $700,000 range, 2 out of 64 active listings went under contract. In the $800,000 to $1 million range, 4 out of 75. The overall percentage of active listings that went under contract this week was 6.9%. During the COVID years, that number was regularly 18 to 20%. Even earlier this year we were seeing 7 to 10%. We are at the lower end of recent history.
89 homes closed this week. We are early in April, so that number will climb over the next few weeks as we get further into the month.
What Does 32.7% of Listings With Price Cuts Tell Us?
Nearly one in three active listings in this Murfreesboro real estate market update has already reduced its price, by an average of 3.6%. That is a clear signal that a meaningful portion of sellers came to market overpriced and the market told them so.
Price reductions are not random. They are what happens when a home sits long enough that the seller has to respond. And the overpricing penalty is real. Homes that start too high and chase the market down almost always net less than homes that were priced correctly from day one. Buyers in this Murfreesboro real estate market update are educated. They are looking at the data, comparing options, and they are not going to overpay when they have 1,455 active listings to choose from.
The Ninja Selling philosophy we follow at Turner Victory Team is built around this exact principle. Understanding the odds before you list so you can make a confident, data-backed decision from the start.
What About the 31% Who Went Under Contract in the First Week?
Here is the flip side. About 31% of homes that sold in Rutherford County went under contract in the first week they were on the market. These were not lucky listings. They were the ones that nailed all three P’s: priced right, presented right, and promoted right. When all three work together, buyers respond quickly. When even one is off, you end up in the group that has been sitting for over 90 days. Right now, 21% of all active listings fall into that category.
The middle is shrinking. Homes are either selling fast or sitting. You do not want to be caught in the wrong group.
Want to know exactly where your home stands in this market?
Reach OutWhat Should Buyers Know About the Murfreesboro Real Estate Market Update Right Now?
If you are thinking about buying a home in Murfreesboro, this week’s Murfreesboro real estate market update has some real advantages for you. Inventory is up. Sellers are more negotiable than they were 12 to 18 months ago. And 32.7% of active listings have already reduced their price, which means there are motivated sellers in the pool.
The rate picture is fluid. According to Freddie Mac’s Primary Mortgage Market Survey, the 30-year fixed rate has been volatile in recent weeks. If it continues to ease from 6.37% back toward the low 6% range, buyer demand will likely follow a couple of weeks later based on the pattern we have been watching. Getting pre-approved now and being ready to move quickly when the right home comes on the market is the smart play. Talk to us first. We can help you understand exactly what the Murfreesboro real estate market update data says about the specific neighborhoods and price ranges you are targeting. You can also explore Murfreesboro area data to get more context on specific communities.
What Should Sellers Know From This Murfreesboro Real Estate Market Update?
If you are thinking about selling your home in Murfreesboro, the most important thing you can do right now is take your biased glasses off. Look at your home through a buyer’s eyes. Compare it honestly to the other 1,455 options they have available. Ask yourself whether your price, your presentation, and your promotion are all working together, or whether one of them is holding you back.
The Murfreesboro real estate market update data shows that homes priced and presented correctly are still selling. In fact, 31% go under contract in the first week. But the homes that miss on any of the three P’s are sitting. The longer they sit, the harder it gets to recover that lost value. We use real local data to help sellers understand their position before they list. That is what Tru Insights is built for.
Rutherford County Market Health Score Explained
The Turner Victory Team Market Health Score is how we summarize the overall state of the Murfreesboro real estate market update each week. It is a proprietary 10-component weighted formula that combines local data (months supply, inventory trend, days on market, showing velocity) with macro indicators (mortgage rates, consumer sentiment, affordability) and demand signals (pending ratio, showing activity, buyer demand). A score of 50 is perfectly balanced. Below 50 favors buyers, above 50 favors sellers.
At 44 this week, the Murfreesboro real estate market update puts Rutherford County on the buyer side of balanced, and the trend is clear. The score was slightly above 50 just a few months ago. We update this score every week and publish it alongside the full market data so you always know where things stand.
Frequently Asked Questions: Murfreesboro Real Estate Market Update April 2026
According to the Murfreesboro real estate market update for April 13, 2026, Rutherford County is leaning slightly toward buyers with a Market Health Score of 44. Months supply has risen to 3.61, active inventory jumped this week to 1,455 listings, and 32.7% of active listings have already cut their price. Below $500,000 it still favors sellers, but above $500,000 the market is clearly shifting toward balance and buyers.
This week’s Murfreesboro real estate market update shows pending sales in Rutherford County down 18.7% year over year. The primary driver is mortgage rate movement. The 30-year fixed rate climbed from below 6% in late February back up to 6.46% over five weeks due to trade tensions, Middle East concerns, and inflation worries. Pending activity typically follows rate changes by about two weeks. Rates have started to pull back to 6.37%, so if that trend continues, pending activity should recover.
Months supply measures how long it would take for all current active listings to sell, assuming no new homes come on the market. Under 3 months favors sellers strongly. 4 to 6 months is considered balanced. Above 6 months favors buyers. Rutherford County is at 3.61 months, up from 3.12 in mid-February and from 3.07 a year ago. The direction matters: we have nearly doubled months supply in two years, which means buyers have more choices and more negotiating leverage than they did.
32.7% of active listings in Rutherford County have reduced their price, by an average of 3.6%. This happens when homes are priced above what the market will pay. With 1,455 active listings and buyers who have access to the same data agents do, overpriced homes simply do not sell. They sit, accumulate days on market, and eventually force a reduction. Homes priced correctly from day one consistently net more than homes that chase the market down with reductions.
New construction represented 40% of new listings in Rutherford County this week and 44% of closings in the $400,000 to $500,000 price range. According to the National Association of Home Builders, new construction has been a dominant force in Middle Tennessee markets for several years. If you are a resale seller, your home needs to compete on price, presentation, and condition. Buyers are comparing you directly against brand-new homes.
Right now the market is polarizing. About 31% of homes go under contract in the first week they are listed. These are the ones priced, presented, and promoted correctly. On the other end, 21% of active listings have been on the market for over 90 days. The middle is shrinking. If your home is not positioned correctly, it will likely end up in the 90-day group, which almost always results in a lower net price than starting right.
