By Brian Copeland Winter months have seen a steady, healthy growth in residential showings in Nashville’s MLS Areas 1-8. The numbers reflect a 30% increase of buyer showings during the winter months of 2010-2011.
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Market Conditions
By Brian Copeland We went to bed last week, in a confusing market in East Nashville. This week we wake up and indicators in the numbers hint that we are on the fringe of a seller’s market again in 37206, 37207 and 37216.
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The 2010 market in Nashville saw an average sales price increase, while units decreased. The following is an analysis of the following cities in our region and how they compare with the Nashville market. Cities include Louisville, Kentucky; Charlotte, North Carolina; Huntsville, Alabama; Knoxville, Chattanooga, Memphis, Tennessee; Indianapolis, Indiana; and, St. Louis, Missouri.
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Brentwood, Tennessee has long been known as the Nashville area’s most costly area. The average annual sales prices over the past 10 years have easily been two to three times more than the area’s mean. In 2010, while Franklin and Nashville price increased, Brentwood took another dip down, making it even a better opportunity to [...]
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Nashville’s housing market is potentially in its recovery according to 2010′s closing statistics*. A 10-year historic analysis shows the there is a 28% difference from the 10 year market’s lowest price and highest price. In the recent market, the height of the market hit its peak in 2007 with an average sales price of $228,714.
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Realtor Magazine’s “Residential Market Outlook” leaves us all optimistic. While there are no promises of huge leaps and bounds into an amazing financial situation in the US, experts predict a growth from 4.8 million dollars in existing residential sales to 5.2 million. That’s enough of an increase to notice a difference. Good news for buyers is that prices are not slated to increase much.
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