The time to sell is now if you are a homeowner in Nashville, TN. The incredible city of Nashville has a booming population and is an attractive location for people across the country. For homeowners in this Top Ten U.S. Real Estate Market, it’s important to sell before new construction goes into overdrive and the competition for buyers is fierce.
Why Nashville is Hot
With job growth of 2.8% in Nashville according to Business Insider, the city is poised for incredible growth in the coming years. The education scene is big, with universities drawing people to the area. Medical and health care facilities have created many Nashville jobs. Nashville’s musical tradition is also exciting and vibrant. U.S. Labor Department data shows that Nashville was one of the top three cities in the U.S. for population growth in 2013. People want to come to Nashville to live, work and study in one of America’s best cities.
Top Ten Status
Nashville’s designation as a Top Ten U.S. Real Estate Market is critical for current homeowners. If you’re thinking about selling, it’s important to do so before developers put up huge numbers of brand new homes that will be competition for current homeowners. Getting ahead of these developers will ensure you sell your home for a great price before the prices of new construction begin to compete.
Construction Permits
According to Business Insider, construction permits in 2014 are already up 3% compared to the average in the area in the years since 1990. This increase over the normal rate indicates that developers have their eyes on Nashville, and that new construction is likely to continue rising. For a current homeowner, this means that selling now, before those construction permits turn into brand new homes attracting newcomers and becoming your competitors.
Home sellers should pay attention to their home city’s status as a Top Ten U.S. Real Estate Market to watch. This classification has big implications going forward as developers and investors head to Nashville to snap up properties and empty lots and put up new homes to attract buyers. Current homeowners should get ahead of them by selling now. Nashville is an exciting city for newcomers, and potential home sellers should take note. For more information on selling your home in and around Nashville, please don’t hesitate to contact us.
