Current Status Report for Nashville-Middle Tennessee Real Estate Market

Are you tired of hearing the same old thing about the real estate market? I won’t even wait for a response. I’ll just say “So am I!”

What we really want to know is how to take advantage of the current situation. Every market has cycles. The more the market goes up the further it will slide when the correction happens. Such is life.

I’ve done some analysis on the Middle Tennessee real estate market. Keep in mind that I took a cross section focusing primarily on homes in the target range for the buyers I regularly work with. Here’s what I can share.

First, the two counties with significant sales growth (in number of transactions) are Wilson and Sumner. Williamson is holding its own but hasn’t grown over last year. And, while the market has slowed down it’s still pretty strong. For example…

For Wilson, Sumner and Williamson counties combined, the total transactions in my sample were up 13% from 2006. Wilson County was up 34%! People are buying a little less house but paying a little more money. Not strong appreciation but certainly not the freefall that we’ve been hearing about. It is taking a few extra weeks on average to sell. Still, the days on the market for the segment I used for my analysis sits well below 90.

So, if you invest in real estate (even if it’s just your personal home) and are wondering where to focus your attention, my money’s on Wilson and Sumner counties…in that order.

If you’d like to talk further about how you can put my Nashville-Middle Tennessee Real Estate Services to work for you, visit www.FivePointsProperties.com . To search the MLS listings for Nashville-Middle Tennessee real estate, click on the large map on the home page.