Is the real estate market picking back up in Middle Tennessee? The answer, yes and no. I have been keeping a very close eye on what is going on around me lately. The real answer to the question is, "what area are you talking about?" Because 3 miles can make the difference in a Hot market and a Cool Market. In the neighborhood that I purchased my home in Antioch Tennessee, 3 months ago the new sales agents were selling about 4-5 units per week, a combined 185 units for the previous year. As of 2 months ago, they are selling about 1 every two weeks. But just down the road in a new neighborhood that Kathryn and I just put a contract on a home, I have brought 5 different buyers that are purchasing a home this week. So you see, when someone asks you " is the market slowing down?" the real answer is "yes and no" it just depends on where you want to be. In a market like we are currently in, it is all about finding opportunities.
The government is keeping loans at a very reasonable rate. Jobs are continuing to come available. People are moving. What seems to be the problem? Media. Media. Media. The media is putting a false sense of dispair on buyers and sellers. Yes there are states and cities in this country that are having a terrible reversal of the market. But here in Nashville, we are sitting pretty. There is absolutely no reason to be nervous about buying a home in the Nashville market at the current state. Things look bright for our future here in God's Country.
If you need help with a real estate transaction in Middle Tennessee, give me a call. I would consider it a blessing to be able to help. God Bless
Nick Woodard
Keller Williams Realty
615.566.9839
www.nickwoodard.com
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