Yes, it’s a gradual process and we will only slowly begin to see the effects, but, according to a recent article published by the Murfreesboro Post, the excess home inventory is starting to sell – resulting in the stabilization of the real estate market. While there is still a huge number of unoccupied inventory homes, the numbers and statistics suggest that the 11-county greater Nashville area is on its way out of the eye of the storm. With builders paying more attention to the state of the market, construction on new homes has severely slowed in order to absorb the current inventory. This means that it’s a buyer’s market out there. Nashville home builders are offering fantastic deals and great incentives, and, in combination with the low interest rates, it is some of the best conditions for buying a new home in Nashville.

The article in the Murfreesboro Post mostly focuses on the housing market in Rutherford County, but, as one of the 11 counties in the greater Nashville area, it is pretty safe to say the same housing trends can be found throughout metro Nashville. Feel free to read the full article for specific details and quotes from Edsel Charles, a real estate market analyst.