Nashville homes selling faster than ever
The Nashville real estate market is continuing to break records, according to a recent WKRN.com article. Sales are closing in a mere 14 days, down from 16 days just last month. Additionally, the median sales price in Nashville has reached a record high of $428,000, which is a 26% increase over last year. Despite this, people continue to pour into Nashville from around the country. Buyers looking in Nashville are facing a frustrating lack of inventory and many are opting to rent instead (inventory is down 41% from last year!). This jump in rental demand has increased rental rates about 15-20% across Nashville. This is excellent news for investors looking to purchase in Nashville. In this market, however, an expert real estate agent is a must to navigate low inventory and find that diamond in the rough. Omni’s rental investment specialists stand ready to help you! Learn more about our real estate investment services HERE.