“I’ve been licensed for 19 years and I’ve never seen this type of rampant activity, low inventory, and rapid appreciation,” said Jeff Checko with the Ashton Real Estate Group.
Supply and demand continue to be key drivers in the area. Inventory is lower and homes in the Nashville area are selling less three weeks after going on the market.
“We don’t have places to put people right now,” Maria Holland, an agent with RE/MAX Homes and Estates Lipman Group, told News 2 last week. “We’re going to need more builders because we can’t meet the demand.”
There are still plenty of options for first-time home buyers and people moving into the Nashville area. News 2 is digging deeper into the ever-evolving housing market in Middle Tennessee for special reports all day Thursday, April 29.