February 2022 Persistent lack of inventory in the Nashville real estate market continues to drive home prices up. Greater Nashville Realtors reported there were 2,649 home closings in the month of January, down three percent from the 2,745 closings reported for the same month last year. Supply chain issues heavily contributed to the sales decline … Read more
A recent forecast from Zillow, as reported by the Home Buying Institute, predicted that home prices could continue to steadily increase into 2022. The median home value for the Nashville-Murfreesboro-Franklin metro area rose by approximately 16% over the past 12 months. Zillow also predicted that home values in the area would rise around 15% over the next 12 months. Demand from buyers remains strong across the Middle Tennessee housing market. According to the U.S. Census Bureau, the population of Nashville grew by an estimated 10.8% from 2010 to 2019. With market growth not expected to subside anytime soon, along with the highly competitive and fast-paced nature of this market, there is no better time than now to reach out to Omni for our assistance with your real estate invesment needs!
July 2021 According to a recent WKRN article, the Nashville housing market is starting to level out after months of historic sales volume. Although this month’s housing inventory is down almost 50% from the same time last year, the market seems to be moving in the right direction. While it remains seller’s market, there are … Read more
June 2021 Summer is here! And that means it’s time to take some important measures to prepare your rental home for the hot months ahead. The following are tips that every homeowner (or their trusted property manager) should follow: Do a test of your smoke detectors and your carbon monoxide detectors Replace the batteries if … Read more
This month that home closings for the month of April increased an astounding 43% compared to April 2020. The average days on the market was 26 and the median price for a single-family home was $385,000 which is a 16.67% increase over last year. Supply in the market is drastically decreased to 4,534 at the … Read more