Historic highs for Nashville home sales

Lee

August 2020

July home sales figures show that the Nashville market continues to remain strong and an attractive choice for investors, even during this time of pandemic. Greater Nashville Realtors reports a 12 percent increase in home closings with 4,703 closings last month, compared to 4,189 last July. Contributing factors to this include low-interest rates and many people relocating to Nashville as more remote working opportunities become available. Median home prices have also increased, with the median price for a residential single-family home at $344,420 currently, compared to $316,000 last year. This represents a significant increase in value for the Nashville market. Our team at Omni is eager to work with you; whether you’re a first time investor or looking to add to your portfolio. Contact us here to learn more about our real estate investment services.