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2021 Mid-Year Middle Tennessee Market Report Alters Market Expectations
Despite an overall sellers market, the report shows increased buying opportunity in many areas in Middle Tennessee.
By: The Anderson Group Real Estate Services
Data has been collected through the end of Q2 2021, and features market segmentation of Middle Tennessee, which has been divided into 27 distinct areas in the report. The report notes year-over-year changes in each area, including list prices, number of listings, percent of listed homes sold, days on the market, and more. Additionally, it notes whether an area is in a "Buyers Market," indicating increased opportunity for buyers, or a "Seller's Market," indicating increased opportunity for sellers.
Overall, the report finds that most of Nashville is in a strong sellers market, especially for attached and detached properties listed for less than $1 million, but there are notable exceptions, as this varies greatly across individual areas and price-points. Notably, there is increased opportunity for buyers in Downtown Nashville across all price points, and in the Gulch on homes of more than $1 million, among other opportunities.
"The mid-year report is an amazing resource to educate consumers and the community on what's really going on in the local real estate market. There is a lot of misinformation when it comes to real estate, and the data in this report allows you to break it down by zip code and price so you can easily identify what's really happening and see what areas you should be zeroing in on as a buyer."
-Josh Anderson, Owner and CEO
The report is available free of charge to anybody with the access link, which can be found here:
The Anderson Group Real Estate Services