Nashville among top searches by residents from other states as a potential new home

NASHVILLE, Tenn. (WZTV) — The pandemic hasn’t stopped people from wanting to move to Nashville, which, right now, is still one of the top places people want to move to.

In April and May, a record of 27% of home searchers looked for homes in a different city. Nashville is in the top 10 places people want to go, according to real estate company and brokerage firm Redfin.

In Nashville, 35% of home searches in those months were from outside the city.

Local realtor Craig Edwards says even during the pandemic he’s had no trouble selling houses because there’s still a lot more demand than supply.

“What we’re seeing is, many of the offers that are coming in on houses are at the asking price. Sometimes a bit lower, but sometimes a bit higher. If it’s a really good buy, you may find people who actually say they’d rather pay a bit more and be the first person in line to get that particular home," says the Weichert, Realtors – The Andrews Group Agent Craig Edwards.

New York is the number one place people are trying to get out of, followed by San Francisco and Los Angeles, according to Redfin.

Edwards says he recently had a client from New York.

“They said they just wanted to get away from the big city and they’re coming to Nashville because it’s just some place they wanted to be.”

Zillow Economist Jeff Tucker says the housing market has held up surprisingly well during this time.

“Nationwide, it’s now taking just over three weeks for the typical home to go from that active listing hitting the market to being marked pending; that’s really fast,” he says. “That’s shorter than normal and is closing in on some of the all-time records that we saw on that statistic in 2018.”

But, in Nashville, he says homes are spending 14 days longer on the market than the national average - 36 days rather than 22, which Edwards says is surprising.

“If other parts of the country are running faster in days on market than we are, that’s pretty impressive,” Edwards says.

He says, just in May, there were 3,267 closings in Davidson County, which is about 105 homes every single day.