We have less than 4 months inventory in some areas of Nashville. These neighborhoods are on the verge of a full-fledged sellers market.
Nashville, TN (PRWEB) February 13, 2013
Steve Jolly, Real Estate Broker and Owner of FastRealEstateMarketing.com, shares the latest market statistics and the best places to sell a home in Nashville. Homeowners who purchased prior to the housing crash have one of the best markets to sell their home since 2007. Many areas of Nashville have seen significant improvement in Inventory and Buyer Confidence. Home Prices started moving up in 2012 after a lengthy bottom.
Jolly said the Nashville Real Estate Market is in equilibrium and trending towards a seller’s market. He said that agents in several popular areas have been scrambling to find homes to show. Buyers have been frustrated by multiple offers and the increased urgency in the market. “Nashville has less than 4 months inventory in some areas of Nashville,” Steve Jolly added, “these neighborhoods are on the verge of a full-fledged sellers market.”
Here are some of the Hottest Neighborhoods in Nashville.
Franklin is the highest volume area in Nashville with less than 4 months of inventory on hand at the current sales rate. With nearly five hundred single family homes on the market, properties are flying off the shelf in this area with an average of 69 days on market.
The city of Brentwood is found in both Williamson and Davidson counties. With less than 3.5 months of inventory and an average of 63 days on the market, Brentwood is one of Nashville’s greatest opportunities for home owners. Brentwood’s convenient location, corporate headquarters and executive lifestyle are some of its biggest attraction factors.
East Nashville might have a higher inventory at slightly over four months; however, the median DOM is only 55 days. East Nashville can be more affordable than Franklin or Brentwood keeping the demand from buyers high. The proximity to downtown, trending shopping districts and historic charm help keep East Nashville popular with buyers.
Interested individuals can see every neighborhood in the study by going to Nashville…The Time is Now. Steve Jolly, owner of FastRealEstateMarketing.com, is one of the Top Real Estate Brokers in the Greater Nashville Area. He writes frequently about Nashville, Real Estate and Marketing.