We have been on a pretty wild ride in the last few years here in the Nashville real estate market. In 2015, home values increased by a whopping 12% across the board. The average price last year was $233,000 and this year that number is sitting at $266,000.
Our average days on market have decreased and homes are now selling in an average of 61 days. Another important thing to note is that inventory has dropped, and this is creating a seller’s market. If a home is priced well and is in good condition, you will have a very good chance to sell quickly and for top dollar.
Home buyers can depend on the fact that interest rates are still historically low, so even though the market isn’t working in your favor, you can still buy a home for a very affordable price.
If you need help buying or selling a home in Davidson County, please don’t hesitate to contact me!