“Red hot” housing market despite pandemic
Nashville’s housing market continues to break records during the COVID-19 pandemic. According to an article from Nashville’s NewsChannel 5, local realtors are staying very busy showing homes to potential buyers from Nashville and beyond. The pandemic has many potential buyers looking to change up their living situatons. Increased demand and lower supply has resulted in a very competitve market. Compared to the same period last year, the number of homes on the market is down 26.2%. Home values are up 6.9% while rental prices are also up 2.2%. Low interest rates are also playing a part. With all of these factors combined, Nashville continues to see a rapidly moving housing market, which is expected to continue into 2021. Let Omni help you with your next investment move. Contact us here for more information about our real estate investment services!