Market Conditions

Post image for Nashville’s Top 10 Price-Shocking Distressed Properties

In 2010, Nashville started seeing its share of foreclosure/bank-owned homes and distressed homes that needed to go through the short-sale process.  The good news for the economy, is that there was only one home above $1M that sold this way.  In fact, at above the $500K mark, it’s a strong sign of Nashville homeowner’s economic [...]

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Nashville Home Sales Report

by kimberly on November 17, 2010

Post image for Nashville Home Sales Report

In Davidson County this fall, home sales in October shine over September’s numbers in several ways. Homes sold (residential units) rose from 385 to 415 and average closing prices from $203,302 to $205,936.

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Post image for Nashville Among Best US Cities to Buy a Home

Forbes has ranked the top 6 U.S. cities in which it is best to buy a home vs. renting a home. Nashville was ranked fifth along with other strong buyer cities, all of which are in the Southern U.S. “These are cities where rents are likely to be quite a bit higher than the after-tax cost of owning. In those places, renting is like throwing your money away,” says the article at Forbes.com.

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Post image for Forbes Ranks Nashville Most Affordable City

Forbes Magazine has placed Nashville, Tennessee in the top five cities where your take-home pay with go farthest with low cost of living and affordability index.  Forbes points out the Nashville is the cultural and entertainment capital and is set apart for its deep health care roots.

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The 2010 statistics are showing a trend that the “bottom” of the market is over in 37206 East Nashville.  While September 2006-2010 (five year trend, see chart at the end of this report) shows that for that month only, the trend is still falling, the overall numbers show that we are heading toward recovery.

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Post image for Forbes Magazine Names Nashville #4 in Best Housing Markets for Investors

Last week, Forbes Magazine listed the top 10 Real Estate markets in the country most likely to appreciate in value, making them the markets in which investors should be eyeing and buying. Factors include population growth, job markets, and levels of price drops in most recent years. Nashville came in behind Raleigh, NC, McAllen, TX, and Austin.

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Post image for When is the Best Month to Sell Your Home?

We hear it all the time, potential home sellers concerned about putting their house on the market at the right time. “When is the best month to sell our home?” Is it May, when schools are out, or March, when spring awakens and people are itching for change?

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Post image for Mid-Year Sales for 2010 Reported

The Greater Nashville Association of Realtors has reported mid-year figures for home sales in Nashville. Compared to 2009, this year is showing increases in residential and condo sales in all counties.

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