Buyers gain leverage as Nashville home prices drop

NASHVILLE, Tenn. (WKRN) — If you are shopping for a home in Nashville, the market is finally shifting your way.

New data shows price cuts are the deepest they have been in years. In fact, properties in Music City are seeing more price cuts than the national average.

“Things have stagnated for long enough that you are actually starting to see some real price reductions,” said Jeff Checko, relocation director with RE/MAX Advantage.

REMAX reveals hottest and coldest real estate neighborhoods in Nashville

A new Zillow report shows that the typical U.S. listing saw $25,000 in price cuts last month.In Nashville, that number is even higher, with a median cumulative reduction of about $28,500…

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