Nashville Market Report Q1 & Q2 2020

“The strength of the Nashville real estate market has never been more evident than today. Even in the midst of a global pandemic, average prices continue to rise and sales made a quick recovery compared to our counterparts in different parts of the country. The change in buyer desires (more square footage, more outdoor living) coupled with low inventory has challenged my team to find more off-market opportunities for our buyers and to best position them to win in the increasing bidding wars. Marketing for our listings must now reach consumers where they are spending the most time, at home. With so many people wanting to make Nashville home, the real estate market is stronger than ever.”

— GABRIELA LIRA

“The Nashville market has always been a unique one. It’s insulated in a way other markets are not and with its still affordable home prices, lower cost of living, mild seasons, centrality and countless accolades, it’s no wonder that Nashville avoided a downturn during the pandemic. People are looking for more room within their homes and in their outdoor spaces. They are looking for better weather, lower taxes and a higher quality of life during this time. Nashville offers all of this and more. The desirability of Nashville shows with our lack of inventory, the increase in sold homes in Q2 over Q1 and the drop in time spent on the market. There are no signs that Nashville is slowing down any time soon.”

— JESSI SGARLATA

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