Record-Breaking Month for Nashville
According to an article from Greater Nashville Realtors, Nashville had a record-breaking month in October for home sales. With 3,742 closings for the month, Nashville saw an increase of 16 percent compared to the same period last year. Median prices have also increased over last year at this time – $316,702 for a single-family home, and $233,900 for a condo, up from $296,355 and $220,000, respectively. It is noted that inventory has slightly declined over last year, which makes the increase in closings even more impressive. Nashville continues to be a solid choice for rental property investors as the housing market is booming and not showing any signs of slowing down. At Omni, our team has the expertise and market knowledge you need to make a profitable invesment purchase. See our overview of real estate investment services HERE, and let us know how we can help you!