To say that Nashville has officially bounced back would understate the energy and verve of our favorite city. In all ways imaginable, Nashville took off in the first half of 2021, skyrocketing forward in a display of animation and excitement that many have come to see as the hallmark of Music City.
Our post-pandemic rebound has been reflected in Nashville’s housing market, with growth trends surging across Davidson and surrounding counties. Americans are flocking to the Athens of the South like never before, creating a highly competitive real estate space. Homes are selling at record speeds, with an average of 46 days on the market, down 12% from last quarter. It’s a strong seller’s market too, with prices up 12% and the number of homes sold up 31%.
The immense demand for Nashville homes coupled with limited inventory means Realtors must get creative. And at Compass, that’s exactly what our agents have done. From utilizing top-notch marketing tools in positioning a seller’s listing to crafting innovative ways to get a buyer’s offer accepted even when there are multiple competing offers, Compass agents have an unmatched edge; invaluable in this market.
The unique services offered by our agents never seem to end. From helping buyers relocate to Nashville by recommending schools, salons, gyms, parks, and local amenities to helping sellers by guaranteeing they get the best offer possible, Compass has positioned itself as the top agency for navigating what is being called the most exciting moment in Nashville’s growth.
Not just a transaction, buying or selling a home is an experience and should be treated as such. At Compass, our goal is to help you deftly navigate the crowded waters of today’s market, ensuring you reach your goals. This report is a complimentary offering to you, a tool we hope you can use in your journey to buy or sell a home.
When you’re ready to move forward, reach out to any of our local experts. We’ll help you find not just a house, but the very pillars on which to build the next chapter of your life.
of our agents say as the market shifts, Nashville will continue to experience an influx of out-of-town buyers.
of our agents believe the second half of 2022 will stabilize, remaining a seller’s market with inventory increasing and prices normalizing.
of our agents believe there will be a medium impact in average DOM, increasing by 7-14 days.
offers are received on over half of Compass agent listings
Q2 2022 New Listings
Q2 2022 Sales
Q2 2022 Median Sale Price
Q2 2022 Average Days on Market
Change from Q1 2022
Change from Q1 2022
Change from Q1 2022
Change from Q1 2022
Please fill out the below to download the complete Q1 + Q2 2022 Greater Nashville Market Report.
Compass
3990 Hillsboro Pike
Suite #320 and #340
Nashville, TN 37215
The Noel Collective