Nashville Housing Market: Prices, Trends & Forecasts 2022
Nashville Housing Market: Prices, Trends & Forecasts 2022
Abstract
The change in dynamic has resulted in the following Nashville housing market trends: Supply Trends: At the moment, the Nashville housing market has about two months of inventory available; that means listings will last about eight weeks if homes continue to sell at their current pace. Nashville Median Home Prices 2022 The Nashville median home price is now somewhere in the neighborhood of $455,304. Since the first quarter of 2020, when COVID-19 was officially declared a global emergency, Nashville home prices have increased an average of 54.8%. In the last year alone, the average house in Nashville has appreciated about 30.7%. Local home prices have increased at a historic pace in the wake of COVID-19. Nashville Real Estate Market Forecast 2022 For all intents and purposes, the most recent Nashville real estate market forecast 2022 is the first time forward looking trends have deviated from their most recent trajectory. Should You Invest In The Nashville Housing Market? The Nashville housing market has been one of the hottest in the country for the better part of 10 years. The cost of buying a home has made it harder to flip real estate in Nashville, which begs the question: Is Nashville good for investment property? While higher home prices have made it more difficult to flip real estate in Nashville, rehabs remain a popular exit strategy. If for nothing else, passive income investors are the beneficiaries of several positive market indicators: While inflation may be peaking, interest rates are still relatively low on traditional mortgages Lower borrowing costs increase monthly cash flow from operations Years of cash flow can easily justify today's higher acquisition costs With a price-to-rent ratio of 25.36, it is more affordable to rent than own in the Nashville housing market Building a rental property portfolio, or adding to an existing one, looks more attractive to Nashville real estate investors than ever before.