Nashville Market Update

The Nashville real estate market has certainly slowed with the rest of the country, but we still have not seen the “sell off” other areas have seen. An article was published about two weeks ago now that stated our sales volume has dropped almost 25% in 12 months, but our prices have increased by 3%. This has created a buyer’s market here and we are now starting to see some pretty good deals available on select houses. There are still a lot of people out there who have their home on the market just to see if they can still cash in from what happened a year ago, but those homes will eventually come off the market. The trick is identifying which homes are really need to sell and which are just dreaming of a sale.