MURFREESBORO, Tenn. (WKRN) — Tennessee’s housing market was relatively stable during the second quarter of this year, according to a report from Middle Tennessee State University’s Business and Economic Research Center.
The report found that inventory increased between 7- and 8% over the quarter while home prices increased by 0.7%. However, closings decreased — especially in Nashville, which saw a 4% quarterly decrease. Single-family and multifamily housing permits also declined.
Nashville real estate expert and broker at The Ashton Real Estate Group of REMAX Advantage, Jeff Checko, said the report’s findings could be an indication of a slowdown in growth in areas across the state, including Music City…