Nashville Market Report Q1 & Q2 2020

Nashville Market Report Q1 & Q2 2020

NASHVILLE MARKET REPORT

Q1 & Q2 2020 + IMPACT OF COVID- 1 9 ON THE REAL ESTATE MARKET

TABLE OF CONTENTS

24

05

A LETTER TO OUR CL I ENTS

06

GREATER NASHVI LLE

20

EAST NASHVI LLE

26

DOWNTOWN / SOBRO

440

32

THE GULCH / MIDTOWN

40

NASHVI LLE

38

WEST END / HI LLSBORO VI LLAGE

44

BERRY HI LL / MELROSE

50

GERMANTOWN

BRENTWOOD

SMYRNA

56

GREEN HI LLS / FOREST HI LLS

40

62

BELLE MEADE

FRANKL IN

68

THE NATIONS / SYLVAN PARK

24

74

MADI SON / HERMITAGE

65

MURFREESBORO

80

WI LL IAMSON CO.

88

RUTHERFORD CO.

94

FEATURED L I STINGS

1 18 PARTNER PERSPECTIVES

122 F INAL WORD

3

A LETTER TO OUR CLIENTS

“Stay-at-home,” “Shelter-in-place,” “Safer-at-home,” “Self-quarantine,” “Social distance.” These phrases were nonexistent this time last year. But now such colloquial encouragements are a big part of how we live our lives. Life has changed across the country, and we’ve felt that change strum the heartstrings of Music City. Nashville has taken its music indoors. We’re living our songs from our homes while we prepare meals for our families, advance our careers via video calls and email, exercise and socialize from home, get our fresh air on neighborhood sidewalks, and invest a lot more time in our backyards and front lawns. Now more than ever, Nashville residents are putting more time and energy into finding out what it means to be at home. The desire to make a house a home has multiplied, and our Compass team could not be more thrilled to help our neighbors in our communities achieve their dream home. At Compass, we help people buy and sell homes. That’s what it says in our mission statement, but we’ve found that Compass is about so much more than that. We take inspiration and invigoration not in a simple real estate transaction, but in what it means to help a family arrive in the perfect home, a home that is ideally suited for them. We help people find their place in the world, and that place begins with a home. We’re here to help you map out plans for your future, and you can consider this report a gift of valuable information on the Nashville market. When you’re ready to buy or sell a home in Nashville, we’ll help you find not just a house, but the perfect cornerstone of your future life.

5

GREATER NASHVILLE

7

JULY SURVEY OF COMPASS REAL ESTATE AGENTS

total number of Compass agents 242

61

total responses from Compass agents

“ SAFER-AT-HOME” ORDER

62% 34%

of agents had deals postponed

of agents pulled listings off market

*“Safer-at-Home” order went into effect for Metro Nashville on March 23 and State of Tennessee on March 30.

9

“This Nashville market >Page 1 Page 2-3 Page 4-5 Page 6-7 Page 8-9 Page 10-11 Page 12-13 Page 14-15 Page 16-17 Page 18-19 Page 20-21 Page 22-23 Page 24-25 Page 26-27 Page 28-29 Page 30-31 Page 32-33 Page 34-35 Page 36-37 Page 38-39 Page 40-41 Page 42-43 Page 44-45 Page 46-47 Page 48-49 Page 50-51 Page 52-53 Page 54-55 Page 56-57 Page 58-59 Page 60-61 Page 62-63 Page 64-65 Page 66-67 Page 68-69 Page 70-71 Page 72-73 Page 74-75 Page 76-77 Page 78-79 Page 80-81 Page 82-83 Page 84-85 Page 86-87 Page 88-89 Page 90-91 Page 92-93 Page 94-95 Page 96-97 Page 98-99 Page 100-101 Page 102-103 Page 104-105 Page 106-107 Page 108-109 Page 110-111 Page 112-113 Page 114-115 Page 116-117 Page 118-119 Page 120-121 Page 122-123 Page 124

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