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

2019 Housing Market Reaches Historic High
Greater Nashville REALTORS®; Press Release | January 8, 2020

NASHVILLE, Tenn. (Jan. 7, 2020) – Final numbers for 2019 indicate there were 42,356 homes sold in the region, compared to the 39,514 closings in 2018, the total sales for 2019 were up 7 percent. This is the highest number of home sales since 2006.

There were 3,482 closings during the month of December, according to figures provided by Greater Nashville REALTORS®. This is a 20 percent increase from the 2,881 closings reported for the same period in 2018.

Fourth quarter closings were 10,456 for the Middle Tennessee area. That total is a 15.6 percent increase from the 9,051 closings during the fourth quarter of 2018.

“There is no doubt 2019 set a new precedent with historic home sales,” said Kristy Hairston, Greater Nashville REALTORS® president. “This historical growth is a result of a strong local economy, corporate relocation and continued job growth across the region. Every day more people and companies make the Greater Nashville Area their home, and this boosts consumer confidence, which will move the housing market forward.”

There were 2,144 sales pending at the end of December, compared with 1,867 pending sales at this time last year. The average number of days on the market for a single-family home was 35 days.

The median price for a residential single-family home was $324,000, and for a condominium it was $269,900. This compares with last year’s median residential and condominium prices of $308,000 and $222,000, respectively.

Inventory at the end of December was 9,365 down from 10,791 in December 2018.

“It is going to be exciting to see what 2020 brings, and based on the increasing number of pending home sales, January is shaping up nicely. There is no doubt we see some challenges in regards to inventory, which may be a reflection of the lack of available land and the continued rise of prices in some areas. However, we continue to see more development and redevelopment of available spaces, which is a positive outlook for homebuyers and sellers,” added Hairston.

Source:  Greater Nashville REALTORS®, Press Release 01082020

### 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

INFORMATION RESOURCE In The News Blog Post
Understanding the Market | National Overview

Housing Inventories Fall to 2-Year Low
realtor.com | January 8, 2020

Fewer For Sale signs means less competition for selling homeowners who want to enter the housing market at the start of 2020. A new report from realtor.com® shows that housing inventories are at their lowest level since January 2018. Housing shortages haven’t appeared to cool home buyers’ desire to buy.

Price growth is accelerating faster than national averages in markets with the largest inventory declines, realtor.com® reports. Inventory across the country fell by 12% year over year in December. The median list price was $299,950, up 3% compared to a year ago.

“The market is struggling with a large housing undersupply just as 4.8 million millennials are reaching 30 years of age in 2020, a prime age for many to purchase their first home,” says George Ratiu, realtor.com®’s senior economist. “The significant inventory drop we saw in December is a harbinger of the continuing imbalance expected to plague this year’s markets, as the number of homes for sale are poised to reach historically low levels.”

Housing inventory shortages are accelerating across price points too, including the luxury market, realtor.com®’s report notes. In December, homes priced under $200,000 plunged by 18.1% annually. Mid-tier housing priced between $200,000 to $750,000 saw a 10.2% year-over-year decline. Homes listed for more than $1 million fell by 4.4% annually.

Further, economists predict that the inventory shortages are likely to worsen over the year. As buyer demand remains strong, they expect home prices to continue to accelerate in markets the most starved for inventory.

Tech havens—such as San Jose-Sunnyvale-Santa Clara, Calif.; Seattle-Tacoma-Bellevue, Wash.; and San Francisco-Oakland-Hayward, Calif.—saw inventory declines of more than 30% in December compared to a year ago and listing price growth was above the national median.

Only three of the 50 largest metros in the U.S. saw inventory increases over the year: San Antonio-New Braunfels, Texas (up 8.8%); Minneapolis-St. Paul-Bloomington, Minn.-Wis. (up 7.4%); and Las Vegas-Henderson-Paradise, Nev. (up 4.8%), the report shows. All three also saw a year-over-year decline in their median listing prices.

Source:  realtor.com(R); REALTOR® Mag News 01082020
 
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