Nice In Nashville: Middle TN Makes Hot Spots List!
Middle TN Makes Hot Spots List!
Take heart Nashvillians! We’re on the rebound in our climbing Nashville real estate market.
In today’s uncertain economic climate, home values are always on owners minds. As realtors we are challenged to get Nashville buyers and sellers educated about our great city. The plights of California, Nevada, Florida, and the other markets, unfortunately get all too much attention . It’s often difficult to get local consumers focused our actual numbers and not the overall national landscape reported by the CNN’S and the multitude of media outlets that consumers are exposed to daily. Below is a list of cities that are trending counter what the national news services are announcing and blogging about. Nashville in fact is among a small group of cities that are headed in the right direction.
Inman News identifies 10 markets where real estate agents are faring well despite the economic and housing downturn, based on total sales, median price, and license and Realtor group membership data.
The 10 markets are:
Seattle-Bellevue-Everett, Wash.
Fort Worth-Arlington, Texas
Denver-Aurora-Broomfield, Colo.
Salt Lake City, Utah
San Antonio-New Braunfels, Texas
Pittsburgh, PA
Dallas-Plano-Irving, Texas
Kansas City Mo.-Kan.
Austin-Round Rock-San Marcos, Texas
Nashville-Davidson–
Average sales volume in these markets ranges from $599,171 (Nashville) to $1.54 million (Seattle) and sales per Realtor ranging from 3.2 (Austin) to 8.3 (Fort Worth). The median sales price edged up in seven of the markets in May from the prior year, and the three markets where prices did not rise managed to escape double-digit declines. From June 2010 to May 2011, the median sales prices ranged from $107,250 (Pittsburgh) to $302,000 (Seattle). These markets all have populations topping 1 million and unemployment rates that are generally better than the national rate.
[SOURCES: Inman News; Information, Inc.]
If you truly want an accurate look at the value of your own residence just give me a call. It’s likely that your home in now worth a little more than you might have expected. Home prices in Nashville real estate have been increasing for 4 straight months and the trend is showing signs of continuing.
Mark
