February 2018

The spring season is right around the corner, and that means plenty of things are going on in Nashville this March.

Southeastern Conference Women’s Basketball Tournament- Feb 28-Mar 4

The month begins with a continuation of SEC Women’s Basketball. The tournament actually begins at the end of February, but runs through March 4 at Bridgetown Arena.

Nashville Lawn and Garden Show- March 1-4

It’s almost time to start getting your property in tip-top shape for spring, and what better way to do it than by attending the Nashville Lawn and Garden Show. The four-day event kicks of at The Fairgrounds Nashville with more than 100 vendors featuring everything from plants and seeds to gardening equipment and home décor.

MAD Bash- March 10

Adventure

The Nashville real estate market has been so red hot that 2017 was a record setting year in terms of the number of overall closings seen throughout Middle Tennessee. And while it’s safe to say that most of us who already call Nashville home have felt the housing market heating up for a quite some time now, others around the country have apparently also taken notice too.

At the beginning of 2017, Zillow named Nashville the hottest housing market in the country thanks to a robust job market, increasing home values, and rising income levels. But as it turns out, that was really just the beginning of countless accolades Nashville would receive all throughout the year. And to prove it, here's just a short list of what we were able to dig up…

Forbes: Best Buy

The weather hasn’t been great here in Nashville over the first couple months of the new year, which could be why it’s been a relatively slow start for the housing market in 2018.

According to new data from the Greater Nashville Realtors, January saw just 2,298 closings, which actually represents a 4.7% drop compared to January 2017.

Despite the apparent slowdown, median home prices for single-family homes in Nashville increased from $261,500 last year to $281,500 this year, while condo prices also jumped year-over-year from $184,350 to $210,098.

But while closings were down, pending sales are on the rise, going from 2,817 at the end of January 2017 to 2,951 at the end of last month.

If you’ve kept an eye on the Nashville housing market in recent months, chances are you’re already aware 2017 was a rather strong year to say the least. But just how robust was the Nashville real estate market over the last 12 months? Well, according to recently released data from the Greater Nashville Realtors, 2017 truly was a record-setting year for our local market.

When it was all said and done, Nashville saw 40,482 closings in 2017, which not only represents a 3.9% jump from 2016’s total closings but also surpasses the previous record of 40,056 closings that was set in 2006.

As for market activity in December, the number of closings actually dropped by around 1% compared to December 2017’s closings, but home prices were definitely still on the