Here's Your 2017 Nashville Year In Review
2017 was a record year for Real Estate in Nashville, Tennessee.
The most significant achievement was this: 40,482 residential properties were sold in Greater Nashville during the year.
This is a record for Nashville that we would have to go all the way back to 2006 to beat.
If that were the only achievement [and it wasn’t], then I would say that it was a great year.
We also hit the record for the highest ever median sales price in December 2017. We are closing in on $300 big ones. Check it out.
Here’s a quick look at the numbers for Nashville Real Estate at year end.
- Median Sales Price in December was $294,000 and up 10.4% for the year
- Every residential sales category in 2017 beat 2016 in volume
- Inventory ends the year with 3.4% fewer homes on the market
You can get all the info, by downloading the pdf here: Nashville Real Estate Trends - Jan 2018
The new president of Greater Nashville REALTORS® Sher Powers said this, “Despite uncertainty regarding tax reform and low inventory, buyers and sellers were determined to reach their real estate goals, whether that was through home ownership, real estate investment or any of the other avenues of real estate.”
Powers was not the only one bullish on the Nashville Market.
Zillow has Nashville in their Top 10 Hottest Housing Markets for 2018.
Zillow senior economist Aaron Terrazas said, "Growing cities in the Sun Belt, places like Raleigh, Charlotte, and Nashville, offer plenty of opportunities healthcare and finance while providing a less-expensive, but still-convenient, alternative to the larger and pricier markets in the Northeast.”
PwC [PricewaterhouseCoopers] puts out one of the nation’s preeminent annual publications on real estate across the nation called Emerging Trends in Real Estate.
PwC has Nashville in their Top 10 U.S. Real Estate Markets to watch due to the high rates of population growth [especially from millennials], a business-friendly environment and an affordable high quality of life.
Interestingly enough, they listed Nashville’s biggest challenges as transit and infrastructure.
If you want a copy of any of these report, simply hit reply and I’ll gladly send them all to you.
The Daily Deal in Nashville is this amazing home in Brentwood [Williamson County] with an open floor plan, great location and listed for less than $550,000.