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Market Update for July, 2021 Greater Nashville TN

NASHVILLE, Tenn. (July 7, 2021) – There were 4,649 home closings reported for the month of June, according to figures provided by Greater Nashville REALTORS®. This figure indicates a 11 percent increase from the 4,191 closings reported for the same period last year. "For the first time since March, we saw weekly inventory levels above the average during June," said Brian Copeland, Greater Nashville REALTORS® president. "While inventory remains low, Realtors are working harder than ever to bring quality homes to the market." Data for the second [...]

By |2021-07-16T10:04:47-05:00July 16th, 2021|Market Trends, Updates|

Market Update for May 2021, Greater Nashville

NASHVILLE, Tenn. (June 8, 2021) – Data for the month of May showed 4,063 home closings, according to figures provided by Greater Nashville Realtors. This figure indicates a 24 percent increase from the 3,267 closings reported for the same period last year. “This type of increase shows how quickly our area’s home inventory is going under contract and closing," said Brian Copeland, Greater Nashville Realtors president. "Buyers must remember, there are great homes out there. You can’t sit on the sidelines as prices and interest rates rise, but [...]

By |2021-06-12T13:21:58-05:00June 12th, 2021|Market Trends, Updates|

February 2021 Market Update, Greater Nashville Area

Home Sales Increase Again in February NASHVILLE, Tenn. (Mar. 9, 2021) – According to Greater Nashville Realtors, home sales closed out at 2,919 closings reported for the month of February. This figure is up 4 percent from the 2,798 closings this time last year. “We’ve seen a jump on the spring market by buyers who are taking advantage of lower interest rates and avoiding the stereotypical busy warm weather rush to buy,” said Brian Copeland, Greater Nashville Realtors president. “With low vacancy rates in rentals, [...]

By |2021-03-16T08:49:33-05:00March 16th, 2021|Market Trends, Updates|

January 2021 Market Update, Greater Nashville Area

Home Sales Remain Strong in New Year NASHVILLE, Tenn. (Feb. 8, 2021) – According to Greater Nashville Realtors, home sales closed out at 2,745 closings reported for the month of January. This figure is up 4 percent from the 2,632 closings reported for the same period last year. “January’s numbers show the power of the Greater Nashville market. Many of these homes went under contract during the holiday season which is stereotyped as a subprime time to sell. As Realtors continue to remind their [...]

By |2021-02-20T17:00:09-06:00February 11th, 2021|Market Trends, Updates|

January 2021 Market Update, Greater Nashville Area

NASHVILLE, Tenn. (Jan. 7, 2021) – Final numbers for 2020 indicate there were 44,850 homes sold in the region, compared to the 42,356 closings in 2019, the total sales for 2020 were up 6 percent. (information provided by Greater Nashville REALTORS Association) Home sales hit 4,252 closings for December, according to data provided by Greater Nashville REALTORS®. This figure is up 22 percent from the 3,482 closings reported for the same period last year. Fourth quarter closings were 12,310 for the Middle Tennessee area. That total is [...]

By |2021-01-14T10:05:27-06:00January 14th, 2021|Market Trends, Videos|

VIDEO: Moving to Nashville 2021 | What You Need To Know

https://youtu.be/Y_eBPeguMXk   VIDEO DIALOGUE I want to offer a quick glimpse into the real estate market in Tennessee in 2021, specifically in Greater Nashville, for folks that may be looking to move here and would like to know more about life here and what types of things you should look for in a new home. My name is Joshua Smith with Home Agent Group of Benchmark Realty in Tennessee and today we’re going to cover a few different topics [...]

By |2021-01-07T15:20:20-06:00January 4th, 2021|Market Trends, Updates, Videos|

December 2020 Market Update, Greater Nashville Area

Homes Sales in November Surpass 2019 NASHVILLE, Tenn. (December 8, 2020) – Home sales hit 3,694 closings for November, according to data provided by Greater Nashville REALTORS®. This figure is up 14 percent from the 3,232 closings reported for the same period last year. “November home sales are something to be thankful for,” said Kristy Hairston, Greater Nashville Realtors president. “In a typical year, we would be thrilled to see a 14 percent increase, but with all we’ve experienced this year, the consistent trajectory of [...]

By |2020-12-10T12:18:28-06:00December 10th, 2020|Market Trends, Updates|

Market Update Week of August 10, 2020: Home Affordability Climbs

Black Knight reports that despite home prices rising 97 months in row, affordability is the highest since 2016. For the same monthly payment, buyers can now afford almost $32,000 more home than they could a year ago. The report notes that thanks to low mortgage rates, buying power is up 10% from a year ago. In that time, the average home price increased more than $12,000, yet the average monthly payment went down 6%! CoreLogic’s CEO says, “we expect these price increases to moderate [...]

By |2020-08-10T11:24:01-05:00August 10th, 2020|Market Trends, Updates|

Market Update Week of July 20, 2020: Home Sales Up

The V-shaped housing recovery continues. New Home Sales soared in June to a level higher than the one they reached before the shutdown--up 13.8% for the month, posting their highest annual sales rate since 2007! Existing Home Sales spiked 20.7% in June, their biggest monthly gain ever. Sales are still down 11.3% from a year ago, but demand is strong--62% of homes sold were on the market less than a month. Attom Data reports the typical home-sale profit hit $75,971 in the second quarter this [...]

By |2020-07-27T09:02:49-05:00July 27th, 2020|Market Trends, Updates|

Market Update Week of July 13, 2020

Fannie Mae’s June Home Purchase Sentiment Index (HPSI) revealed 61% of respondents think now is a good time to buy a home and 41% feel it’s a good time to sell--big rebounds from the survey’s record lows two months ago. Also rebounding: realtor.com’s latest Housing Market Recovery Index posted the largest nationwide weekly gain since its inception, ending up just a smidge below its pre-COVID baseline. Plus, Freddie Mac’s Chief Economist likes what he sees in the housing market across the country: “The [...]

By |2020-07-13T15:08:12-05:00July 13th, 2020|Market Trends, Updates|
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