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 First Week of January

Online real estate database Zillow forecasts good times in the housing market in 2020, as healthy consumer confidence, job creation, and wage growth are "a recipe for continued economic growth, not a recession." Evidence of that consumer confidence was found in Fannie Mae's Home Purchase Sentiment Index, up 2.7 points to 91.5 in November and 5.3 points ahead of its strong read in 2018.  RealPage's analysis of the latest data reveals we should get major relief for the housing supply shortage, since residential building permits hit [...]

By |2020-01-02T09:45:35-06:00January 2nd, 2020|Market Trends, Updates|
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