NASHVILLE, Tenn. (WKRN) — There’s good news for anyone looking to buy a home in Middle Tennessee.

A new report from Attom, which analyzes nationwide property data, showed that several Middle Tennessee markets are some of the least vulnerable to a market slowdown. The report added that home buyers are migrating toward middle Tennessee’s southern charm.

The president of Greater Nashville Realtors Kevin Wilson said that he agrees.

Real estate expert doesn’t think Nashville is in a ‘neutral’ market

“I was on the phone with a buyer who just relocated from Savannah, Georgia and talked to me about how every vendor that he has talked to has been so helpful and so nice ,” Wilson said. “I think that’s the culture in our city and people are attracted to it.”

Wilson said that buyers would have more homes to choose from.

“We have a 14% increase in inventory, making it probably the most balanced market we’ve seen since pre-pandemic,” Wilson said.

In May, Wilson said that there were over 3,500 home closings. During that same time last year, there were 3,400, making for a two percent increase in sales. He said that there has only been a modest increase in prices.

“Interest continue to be the driving factor in our market,” Wilson said. “With that said, it’s very positive to see, as we go into the summer market, that there is an increase in the number of sales even with interest rates in the high sixes or low sevens.”

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Wilson said that another driving factor for the housing market here is the abundance of job opportunities. He added that not having a sales tax helps as well.

Some states with a high risk of a housing slowdown include California, New Jersey and Illinois. Another interesting statistic: in 2023, an average of 86 people a day were moving to Middle Tennessee.

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