Market Updates – NASHVILLE
Nashville’s housing market has definitely kept us on our toes this summer. Even with Nashville having nearly half as many homes for sale this year compared to last, closings were up 11% in June with the median price jumping to $415,000 (compared to $331,448 of last year).
It is no secret that we are experiencing a seller’s market; however, recent reports did show small signs that things are slowly starting to balance out a bit. Key word being: slowly. June numbers revealed an over 5% increase in listings, giving buyers a larger selection of homes from which to choose. While the number of homes for sale is still under 50%, and prices are not expected to drop anytime soon, we can, hopefully, look forward to less competition in the fall.
Be encouraged. Your home is out there!
Field of Dreams
Are you familiar with Pegram, TN? Pegram is a small town just west of downtown Nashville, with a low population spread-out by rolling hills and lush, mature trees. The people of Pegram pride themselves on being a “community of neighbors”.
Now, picture the home of your dreams HERE at 9052 Old Charlotte Pike in Pegram. This beautiful site and level building lot atop a steep drive makes for the perfect blank canvas, and has been perked for 4 bedroom, 3 bath and a pool. With a location that feels very rural but is less than 20 miles from Nashville, you can enjoy the best of both world from the privacy of this wooded lot.
We would love to help you find your forever home. Give us a call 615.720.6926.