Nashville Is Hottest Housing Market In US

Posted at 6:31 AM, Jul 13, 2017
and last updated 2017-07-13 07:54:37-04

Nashville's population is growing at nearly triple the rate nationally, and all these new residents need a place to to call home.

Christie Wilson is a Nashville native and the CEO of The Wilson Group. She's made a living helping people buy and sell their homes.

"I've been in the business for 23 years, so I've seen all kids of trends," she said. 

Right now, she said it's a good time to sell, "because there is so little inventory on the market."

It's a market that's the hottest in the nation, according to a recent report by Ten-X, an online real estate marketplace. They said Nashville home sales continue to out-pace the national average.

"I feel like any investment 20-minutes outside of Nashville is a good investment," said realtor Chris Hulsey. 

Hulsey said he's seen homes sell in one day.

"[Since] 2008 we have really taken right back off. And we have several different neighborhoods that have done really, really well. Which is one of my favorite things about Nashville. Each neighborhood has it's different feel," he said. 

Buyers are coming from all over the country - some are investors and many show up with cash in-hand. 

"We've seen a ton of out-of-towners. The Chamber is reporting that anywhere between 80-100 people move here a day. That's to the Middle Tennessee region, not just Nashville. So that provides a lot of opportunities for people to buy and to rent," said Wilson. "We feel like we're in a very stable market. Our job market is off the charts, very good place to come and work. Cost of living goes up everyday but there's so many options for housing, whether you're in Davidson County or the surrounding areas that will appeal to all different price-points and quality of lifestyles."