POSTED FROM: Greater Nashville REALTORS since 1891
“Higher interest rates are still having an effect on the real estate market in the Greater Nashville area and nationally,” said Brad Copeland, Greater Nashville Realtors president. “This market correction has allowed our inventory to return to pre-pandemic levels, which should further stabilize our market as the Fed eases up on interest rates and see those fall in the first quarter of 2024.”
“We expect that the buyer pool, with their pent up need to purchase a home, will return to market with vigor after sitting on the sidelines for most of 2023,” Copeland added.
About Us: Greater Nashville REALTORS® is one of Middle Tennessee’s largest professional trade associations and serves as the primary voice for Nashville-area property owners. REALTOR® is a registered trademark that may be used only by real estate professionals who are members of the National Association of REALTORS® and subscribe to its strict code of ethics.
The data collected for this release represents nine Middle Tennessee counties: Cheatham, Davidson, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson and Wilson.
