Just like our clocks this weekend, in the majority of the country, the Nashville housing market will soon “spring forward!” The Nashville housing market is still in a relative slump when it comes to the available inventory. Many potential sellers believe that waiting until Spring is in their best interest. Traditionally, they would have been right.
Buyer demand has remained steady in Nashville in contrary to the usual fall off in the winter months.
Existing Nashville homes and Nashville new construction homes still in demand.
Demand for housing has remained strong as mortgage rates have remained near historic lows. Even with an increase in rates forecasted for 2019, buyers are still able to lock in an affordable monthly payment as compared to renting. Buyers moving in to the Nashville area have continued to buy at a consistent rate throughout the winter.
The National Association of Realtors (NAR) recently reported that in 2018 the top 10 dates sellers listed their homes all fell in April, May, or June.
Those who act quickly and list now, before a flood of increased competition, will benefit from additional exposure to buyers.
If you are planning on selling your Nashville home in 2019, let’s get started right now!