When it comes to the US’s real estate business, Nashville is one of the markets that has been picking up in recent years. Beautiful green landscapes, good education, and plenty of great local and national recognized spots are only some of the reasons people are moving. Despite the economic slowdown and damaging effects of Covid-19, there is an increasing demand to purchase homes and real estate properties in Nashville and its surrounding areas such as Brentwood and Franklin. Your local Henderson realty group is ready to help you find the right home for your needs in these areas and more.
According to the Nashville realtors and Nashville real estate agents, the city has emerged as the USA’s hottest market. There is a trend across the country; people are moving from the big cities to suburb areas that are more inland and away from the coast, and Nashville has seen a rapid influx of buyers coming in from the big cities such as Atlanta, Chicago, and New York City.
The interest rates are low, and it has positive impacts on the purchasing power of the buyers. Quality of life and relatively lower home prices than the rest of the country, make Nashville one of the top places for buyers to invest in properties and move their whole families.
Additionally, Tennessee is one of the seven states that does not impose an income tax, and it has increased the city’s real estate activity. With the median price of homes in Nashville at $359k, and the median listing home price per square foot is $215, it is no surprise that people are moving in quickly.
Nashville Real Estate Market Forecast 2021
The city has a record to remain one of the best real estate markets in the USA, and it will continue to stay the same during 2021. Prices are predicted to increase 7% over the next year. Therefore if a buyer buys the property today, its value will increase 6-7% over the next 12 months. There is no better time to be buying in Nashville so contact your local realtors to get started.