Schools have started back and as Summer draws to a close, it’s time to take a look at what the last few months have brought us in the market. Some like to say our housing market is in a “rolling recession,” but Economist Dr. Marci Rossell has deemed it more of a “purgatory” since demand … Continue Reading
While some recent pundits have predicted all doom and gloom for the housing market, I think Nashville is still in a stronger position than other markets nationally. Why? Our job market is strong and people still want to live here. Nashville/Davidson/Murfreesboro/Columbia, TN Unemployment Rate is at 2.50%, compared to 2.80% last month and 3.10% last … Continue Reading
Market Data for the Greater Nashville Area, (includes Davidson, Cheatham, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson and Wilson counties) is HERE. Prices continue to rise, and currently we are seeing a 7% increase in the residential median sales price over 2017. Condominium median sales prices are up nearly 10% over last year. So what’s … Continue Reading
It’s been a busy Summer, and June just flashed past, so I’ve combined May and June newsletters to a Summer edition. Let’s call it efficiency! Market Data for the Greater Nashville Area, (includes Davidson, Cheatham, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson and Wilson counties) shows the market is correcting and stabilizing. Detailed infographic data is … Continue Reading
While April’s numbers are strong, the tight inventory is still creating a lot of tension in the market. New construction sales are still outpacing resale homes. Davidson county stats are here. Williamson county stats are here.
Multiple Spring breaks are over, so I expect April numbers to jump a fair bit. March was already picking up steam despite the school holidays, yet buyers still felt a slowdown of new listings. Market stats for Davidson County are here, Williamson County are here.
Spring is in the air(-ish that snow kinda threw me!) and many of us start doing work on their homes now that things have thawed out. Some renovations bring higher value than others, so let’s discuss what they are this month. Sales are down for February from 2017 numbers, but I don’t think it’s anything … Continue Reading
Happy New Year! I hope everyone is ready to start the year afresh with optimism, and motivation! The severe cold last week had me a bit behind on motivation, but I’m trying to catch up now. December closings and year end numbers for Davidson county are HERE. Davidson county closings broke the all time high record set … Continue Reading
Lots of news to share this month! The vote was delayed on STRPs until January, so many investors are sitting on the sidelines to see what this will mean for their plans to buy and run STRPs, and many neighbors hope the new compliance hotline will help in the meantime. For a recap on what STRPs are … Continue Reading
Many of us are seeing a some softening in certain areas of town, and in certain price points, but you wouldn’t really know it from these numbers. Stats for August are as follows. Davidson County Home sales prices in Nashville and Davidson County continued climbing through the summer. The total number of units sold in … Continue Reading