Over the course of 2015, we saw consistent growth as the Nashville real estate market continued its major boom. The housing market has been low on inventory, but high on buyers, and this trend has continued throughout all of the seasons. It’s clear that Music City is in hot demand for transplants as more and more people move to Nashville (and hurry to scoop up housing property).
We foresee Nashville continuing its extreme growth over the incoming months, and here’s why:
More Jobs Bring Homebuyers
The job market continues to expand, and it shows no sign of slowing down. As more and more people return to the job market, and others move into the city, we will likely see strong growth in home buying and selling numbers.
Make Way For The Millennials
Millenials ranging from the 25-34 bracket are expected to make up a third of the buying market this year. As more millenials enter the work force and start families, their need for putting down roots increases.
All of this is great news for growth, and challenging news for the housing market – in that pricing for homes will continue to be competitive as we run low on listings. While there are people moving in to the city, there are few leaving it (and we can’t say we blame them – we love being a part of the warm and inviting Nashville community!).
If you’re new to the community and looking to buy a Nashville home, we know how daunting it can feel. Nashville has so many incredible neighborhoods, and each afford homeowners a different variety of comforts and conveniences. Our award-winning real estate agents are here to help. Give DeSelms Real Estate a call at 615-550-5565 or drop us a line today.