Nashville real estate - According to the the media, we are in a buyers market. But that's a national view.
In Brentwood, Green hills, or Belle Meade, older homes with nice yards are very hard to find and demand a premium price. Most only stay on the market a few days, unless they are overpriced for the condition of the property.
In Franklin and Spring hill, the market is dominated by new construction, and the builders have too much inventory for now, but I see inventories getting smaller every day. Builders have slowed or stopped building homes altogether. We may see another shortage of homes in Franklin next year if interest rates come down like the experts are predicting.
People wanting to move up should do it now, while you have a nice selection. You may not get the best price for your current home, but you also get a good deal on the home you are trying to purchase. The simplest way to make money is buy low and sell high. This is the best time to buy low we have had in many years.
This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Keller Williams Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, and Spring Hill.