Informative Links

Welcome to your valued source for home buying and home selling in Middle Tennessee. This page provides you detailed resources to assist you through the residential real estate process -- and also numerous links to help you discover Greater Nashville  -  Live!  Work!  Play!
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Buyers: How to Be a Savvy Open House Guest

MLS Areas

EFFECTIVE February 1, 2020 - RealTracs MLS Listing Service will no longer classify Areas in Middle Tennessee.  Search criteria will focus on counties, zip codes, neighborhoods and custom mapping.  Existing Buyer Hot Sheets will not have interruption in automated instant alerts as adjustments will be completed by effective date. 

Understanding the Multiple Listing Services Areas for Middle Tennessee -  MLS Areas Information

Crime Information

Newsletters

January 2020  Creating Storage in the Home

February 2020  The Importance of an Appealing Front Door
Vendor List

Vendor List
Utilities List

The Vendor List is provided as a guide, and not guaranteed, information gathered is based on first-hand experience, trusted referrals and sources.  In general, it is recommended to receive three (3) quotes during vendor selection.  Your feedback is greatly appreciated to maintain an accurate valued reputational Vendor List.

Market Conditions

Understanding the Market | Greater Nashville

January Home Sales Lay Strong Foundation
Greater Nashville REALTORS®; Press Release | February 7, 2020

NASHVILLE, Tenn. (February 7, 2020) – There were 2,632 home closings reported for the month of January, according to figures provided by Greater Nashville REALTORS®. This figure is up 15.7 percent from the 2,274 closings reported for the same period last year.   

“The housing market is off to a great start for 2020,” said Kristy Hairston, Greater Nashville Realtors® president. With increased sales in January, a large number of pending sales and low mortgage rates, February looks to be another active month in the Greater Nashville Area.”

There were 3,117 sales pending at the end of January, compared to 2,853 pending sales at this time last year. The average number of days on the market for a single-family home was 40 days.

The median price for a residential single-family home was $305,950, and for a condominium it was $239,000. This compares with last year’s median residential and condominium prices of $293,650 and $200,100 respectively.

Inventory at the end of January was 9,410, down from 11,150 in January 2019.

“Demand is outpacing inventory, which leads to higher prices. Working with a Realtor can help you determine your best housing option. Shopping for homes is not just price comparisons online; it’s understanding neighborhoods, school options, and evaluating what the right move is for you. More than an app, a Realtor® walks with you every step of the way in your homeownership journey. If you are interested in learning more about becoming a homeowner, contact a Realtor®,” added Hairston.

Source:  Greater Nashville REALTORS®, Press Release 02072020

### About Us: Greater Nashville REALTORS® is one of Middle Tennessee’s largest professional trade associations and serves as the primary voice for Nashville-area property owners. REALTOR® is a registered trademark that may be used only by real estate professionals who are members of the National Association of REALTORS® and subscribe to its strict code of ethics. ###

INFORMATION RESOURCE In The News Blog Post

INFORMATION RESOURCE In The News Blog Post

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Understanding the Market | National Overview

Housing Inventory Falls to Record Low
realtor.com | February 10, 2020

Housing shortages abound in markets across the country and that could set home shoppers up for a challenging spring. The nation’s housing supply saw the steepest year-over-year decrease in January in more than four years, dropping 13.6% annually, realtor.com® reports. The supply for homes for sale is now at its lowest level since realtor.com® began tracking such data in 2012.

The housing shortage shows no signs of easing in the coming months either, realtor.com® says. The volume of newly listed properties is down by 10.6% since last year.

"Homebuyers took advantage of low mortgage rates and stable listing prices to drive sales higher at the end of 2019, further depleting the already limited inventory of homes for sale,” says Danielle Hale, realtor.com®’s chief economist. “With fewer homes coming up for sale, we've hit another new low of for sale-listings in January. This is a challenging sign for the large numbers of Millennial and Gen Z buyers coming into the housing market this homebuying season as it implies the potential for rising prices and fast-selling homes—a competitive market. In fact, markets such as San Jose in Northern California, which saw inventory down nearly 40 percent last month, are also seeing prices grow by 10 percent while homes are selling at a blistering pace of 51 days."

The housing shortage is present across price points too. It is most evident in the entry-level market, realtor.com® says. In January, homes priced below $200,000 saw a 19% drop in inventory. Among the mid-tier of properties—those priced between $200,000 to $750,000—inventories fell 12% year-over-year. In the upper-tier of properties—priced at more than $750,000—inventories dropped by 5.9% annually.

As inventories fall, home prices are rising. The median U.S. listing price increased by 3.4 percent year-over-year, reaching $299,995 in January, according to realtor.com®.

Source:  realtor.com(R); REALTOR® Mag News 02102020
 
INFORMATION RESOURCE In The News Blog Post

INFORMATION RESOURCE In The News Blog Post

INFORMATION RESOURCE In The News Blog Post

INFORMATION RESOURCE In The News Blog Post

INFORMATION RESOURCE In The News Blog Post