We’ve been talking lately about the low inventory of homes for sale in Nashville real estate. Still, despite the tight inventory the Greater Association of Nashville REALTORS reported gains once again for the month of June. Even more exciting is how Nashville looks in relation to other areas.
“Home sales in Middle Tennessee continue to make headlines not only locally, but nationally,” said GNAR President Denise Creswell. “It was exciting to see the most recent news from Freddie Mac that Nashville is the nation’s strongest housing market.
“Freddie Mac points to the areas payment-to-income ratios, job growth, on-time mortgage payments and purchase applications as reasons for the top ranking.” (source)
We also recently found some statistics on REALTOR.COM regarding the Nashville-Davidson-Murfreesboro-Franklin area. Here are some of the highlights:
- Median days on market: 37 (lower than the national average)
- Median list price: $325,000 (while home prices are up for this area, they remain far lower than other major cities and counties)
- Active listings – 9, 449 (lower inventory than other areas currently)
In other words, the supply is tight but demand is strong and houses are moving quickly in Nashville real estate right now. The low interest rates and strong sales prices seem to keep this real estate market strong. Obviously, we couldn’t be more excited to be a part of it all!
Are you interested in a career in Nashville real estate? Call DeSelms Real Estate today at 615.550.5565 and see how you can be part of our award winning team!