Buyers are gaining the edge in Nashville’s housing market as a surge of inventory gives them leverage to negotiate price cuts and other concessions.
Why it matters: Lower interest rates and and more choices are combining to create a much more welcoming environment for buyers who have spent years on the sidelines.
The latest: Data released this week by Greater Nashville Realtors showed 12,315 available properties for sale across the region, a 12% increase compared to this time last year.
- Listings are up across all sectors, including condos and single-family homes.
What they’re saying: “Sellers are getting more creative with their strategies, often offering incentives to help buyers move forward with a home purchase,” Greater Nashville Realtors president Jack Gaughan said in a statement…