As Nashville natives, we know how much our city has to offer, from incredible music and food to some of the South’s friendliest people. That’s why we’ve spent the last few decades investing in the community. If you’ve been thinking about buying or selling property in the Music City, here’s what you need to know.
Projected Buyer’s Market
Nashville’s real estate market has been on a steady rise for the past decade, and up until early 2018, it was still a seller’s market. According to The Tennessean, buyers now have the opportunity to make the most of their budgets by taking advantage of a predicted buyer’s market for the remainder of 2019. The telltale signs of this trend include increased housing inventory on the market and slower home value increases compared to previous years.
In a buyer’s market, you’ll likely experience less competition for desirable homes, increased access to seller concessions, and more inventory at lower prices. Although sales are slowing, experts believe this is a natural correction that signifies a healthy, thriving market.
Good News for Investors
Data from PricewaterhouseCoopers (PwC) and the Urban Land Institute indicates that Nashville is the nation’s hottest market for real estate investors. The high return on investment for both short-term and long-term rentals along with an increased inventory make Nashville an attractive prospect for those who want to purchase property to rent.
Strong Economic Indicators
Nashville is on the rise, with positive economic indicators showing that it’s the ideal place to settle down as well as an excellent market for investing. A PwC report named Nashville one of the top five “18-hour cities” in the nation, a term used to describe medium-sized cities that have the amenities of a major metropolis (think New York or Los Angeles) but with a more affordable cost of living. It was named first in new home building prospects and fifth in overall real estate prospects.
When you’re ready to invest in Nashville’s impressive housing market, the team at HND Realty LLC is here to help you find the perfect property. We provide personalized real estate services and respond quickly to phone calls and emails. Call us today at 615-297-7711 or complete our contact form to get in touch.