Nashville Housing Market is taking off with home values soaring by over 7% in the last 12 months. Nashville home values bottomed out in October of 2011 when they dropped to $133,000 price average, but since 2011 the values have risen an amazing 7% or $143,000 price average. The historic home values peaked in August of 2007 when they reached $154,000 which means today average values are only off a little over 7% from those historic highs! Also, the average list prices of homes on the market are up over 11% in the last 12 months, pushed up by a bidding war and strong buying activity.
Nashville recently has been in the news for making the Forbes list for the number 2 best place to get a job, but there is other great news for the surrounding markets too:
Homes Values are up the last 12 months for Oak Hill over 8.5%, Brentwood over 7%, Belle Meade over 6%, Lakewood over 6%.
These are great signs, but it gets even better for Tennessee.
Areas around Tennessee with MIG offices:
Selected areas around Tennessee with MIG offices:
Cookeville home values are up over 7% in the last year.
Johnson City home values have risen over 7% in the last year.
Nashville home values have risen over 7% in the last year. (Forbes picks Nashville #2 best place to get a job.)
Sevierville home values are up over 6% in the last 12 months.
Pickwick home values are up over 5.5% in last years.
Memphis home values have risen over 1% in the last year.
Crossville home values are up over 5% in last month.
Kingsport home values are up over 3% in last month.
Greeneville home values are over 2% since the beginning of this year.
Chattanooga home values are up over 1% since December 2012.
Maryville is also just now starting to see home values increase, in the last month their values are up .7%
Data from Zillow
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