“This Nashville market data is exactly what we expected. What COVID-19 has done for Nashville is put us on everyone’s radar because our cost of living is so low. Even though prices here have gone up, it’s better than any other market that is equivalent. The four places we are seeing the most activity from are California, New York, New Jersey and Chicago. When you look at the Nashville market, we have no state income tax, no earthquakes, no forest fires or hurricanes. We have a beautiful state surrounded by national parks, we have four seasons and industries are coming here right and left. We are seeing a lot of clients retiring here. It’s more difficult and expensive to retire in a state like New Jersey and sustain the taxes on top of the cost of living there. We think this mass movement of people into Middle Tennessee is going to continue and Nashville will see its busiest year yet. Just last month, 40 percent of our closings were from out- of-state referrals. That’s never happened before.”
— THE PARGH TEAM
“Living in this COVID-19 world, so much has changed. As we look for some form of constants in our lives, one of the things that remains the same is the active real estate market in Middle TN. In some ways the data is surprising because the pandemic has impacted every aspect of our lives. Seeing Nashville bounce back so quickly is a testimony to how our city always overcomes adversity - coming back even stronger than before. Nashville is a special place. As people rethink where and how they live, it isn’t a shock that people from all over the country want to make Nashville their home!”
— MATT DALLY
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