Nashville housing market – 2020 recap

Lee

January 2021

The Greater Nashville housing market thrived in 2020 despite uncertainty surrounding the ongoing COVID-19 pandemic. Greater Nashville Realtors reported this month that total sales were up 6 percent overall in 2020 from 2019. There were 44,850 homes sold in the region, compared to 42,356 closings in 2019. Fourth quarter numbers were even more impressive with an 18 percent increase over fourth quarter of 2019.
“The figures we are sharing today remind us that even during our most challenging times, a home remains an important and essential part of everyone’s life,” said Brian Copeland, Greater Nashville Realtors president. Nashville in particular has seens its share of adversity in 2020 with destructive tornadoes impacting portions of the region last March and a tragic Christmas Day bombing in the heart of the downtown district. Copeland explains that “…2020 has proven that during times of uncertainty, home and family remain our most cherished safe haven. Regardless of the challenges that lie ahead, Realtors will continue to safeguard the foundation of our Greater Nashville community.” 
We at Omni are proud to call the Nashville area home, and many people continue to relocate here due to low cost and high quality of living. It is a great time to be an investor in the Nashville housing market. Let us help you explore your options. See an overview of our real estate investment services HERE!