Our New Nashville Real Estate Video Blog
Low Inventory and Low Interests Rates are Driving Home Prices Up
Though it may still be winter, the Nashville real estate market is hot! Inventory is low and so are interest rates. At below 5%, interest rates are at historically low levels. New properties being put on the market are seeing multiple bids within a day of being listed, which is driving up home prices. Nashville property values are approaching the values of 2007 from before the housing crisis, so if you are looking to sell, now is the time!
Know Which Homes Are Truly Available
Things are moving so quickly in the Nashville real estate market that agents are writing offers immediately because a home may be sold if you delay even a couple hours. The general public will often be unable to decipher between pending properties and active listings. A pending property is a property that is under contract waiting to clear contingencies, home inspection and appraisal. Here at the Ashton Real Estate Group, our website will filter out these pending properties. This way, you are only searching for those homes that are truly available.
If you have any questions about the state of our current Nashville real estate market, or if you or someone you know is looking to buy or sell, give us a call at 615.301.1631 or shoot us an email at Gary@GaryAshton.com. Thank you and we look forward to speaking with you!
The Ashton Real Estate Group of RE/MAX Advantage
The #1 Real Estate Team in Tennessee and #4 RE/MAX team in the world!