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We are the Southeast’s beacon of real estate excellence. Our vast experience and expansive networks empower us to lead land development to entitlement. We deliver market-ready products for sale or rent. Choose Turn Key, where industry leadership meets visionary execution.

As we step into 2025, it’s worth asking: What did we really learn about Nashville’s real estate market in 2024? Spoiler alert: It wasn’t your typical year. While rising interest rates and swelling inventory reshaped markets across the nation, Nashville stayed uniquely Nashville. Here’s why.

Interest rates climbed steadily in 2024, with mortgage rates hovering near 7.5% by year’s end. Conventional wisdom suggests higher rates should dampen demand and push home prices down. But Nashville bucked the trend. Unlike much of the country, where prices dropped by an average of 5%, our city’s median home price rose 3% year-over-year, ending 2024 at $475,000.

Why? Nashville’s magnetic appeal as a hub for jobs, culture, and lifestyle remains irresistible. Companies continue relocating here, drawing a steady influx of professionals who need housing. The combination of limited land, strong demand, and a resilient local economy has kept prices stable—and in many cases, rising.

2024 saw a 15% increase in available inventory compared to the previous year, marking the highest levels since 2019. While this gave buyers more options, it didn’t tip the scales in their favor as much as you might think. Properties priced under $500,000 still sold within 30 days on average, proving that demand in this segment remains red-hot.

On the luxury end, homes above $1 million lingered a bit longer, with an average of 60 days on the market. However, even in this category, Nashville held its own compared to other metro areas where luxury inventory ballooned.

For buyers, 2024 was a year of strategic planning. Higher interest rates forced many to recalibrate their budgets, and adjustable-rate mortgages (ARMs) made a surprising comeback, accounting for 20% of all loans in the Nashville market. Creative financing options, including rate buy-downs and seller concessions, also played a significant role in keeping deals moving.

Sellers had to adjust to the new normal. Pricing strategies have become more important than ever. Homes that hit the market slightly below their estimated value often sparked bidding wars, while those priced ambitiously saw fewer showings. In short: Strategy was everything.

Looking forward, the buzzwords for Nashville’s 2025 market are stability and opportunity. Interest rates may level off by midyear, and while inventory will likely keep rising, demand isn’t going anywhere. Whether you’re buying, selling, or just keeping an eye on the market, Nashville continues to chart its own path—one that’s both exciting and rewarding.

Looking to invest? Build your future? Live comfortably? Turn Key Property Providers has it all! Explore our diverse portfolio: rentals, high-performing investment opportunities, family-oriented communities, and various properties for every dream. Find your perfect place to thrive!

As Nashville and Tennessee’s newest premier real estate developer, we are at the forefront of addressing the critical housing shortage. Our strategic use of comprehensive assets and expansive networks empowers us to proactively and effectively combat this issue. With our streamlined practices and deep industry knowledge, we not only lead the market but also shape the future of real estate development. Our commitment to excellence ensures that each project we undertake is a step towards a brighter, more sustainable community in Tennessee.

Turn Key Property Providers is dedicated to meeting Tennessee’s booming population growth with a robust pipeline of homes. We’re not just building for individual homeowners; we’re also offering investors the opportunity to acquire portfolios of properties, ensuring a diverse range of housing solutions to match the dynamic needs of the region. Our commitment is to keep pace with demand, providing quality homes that serve as valuable assets for families and investors alike.