Smoky Mountains market inventory 🏡 #shorts
Summary
AI-generatedThe Smoky Mountains short-term rental market currently has a high inventory of around 2,300 active listings, with many properties sitting for over 60 days. This presents an opportunity for investors to purchase properties at a discount while the market's short-term rental income remains stable.
Key insights
In Gatlinburg specifically, over 400 properties are for sale and have been on the market for upwards of 60 days, suggesting a buyer's market.
Mistakes to avoid
Sellers attempting to achieve 2021 price levels are likely to face challenges as current buyers are not willing to pay those amounts, leading to price cuts or expired listings.
Tools & resources
The Short-Term Shopservice
The Short-Term Shop is a real estate brokerage specializing in short-term rentals, offering services for buying, selling, and property management education.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial