Middle Tennessee has historically not had the extreme highs or lows as other real estate markets nationwide. In the past, during rough patches that affected the country as a whole, Nashville and it's surrounding counties have been able to weather the storms with barely a blip on the market radar. During the recent economic downturn, Middle Tennessee has not gone unscathed, but we are fortunate enough to not have seen a huge drop in home values.
The graphs to the right show the price per square foot of homes sold in the past six months, priced from $100,000 to $400,000. The first graph is of Nashville and its surrounding counties. The next is of Rutherford County and exclusively the city of Murfreesboro, while the bottom graph shows Williamson County. It's obvious to see the price per square foot has gone down slightly since Sept, with an increase in Dec., however the drop is not huge. On a 2500 square foot home that would equate to about $5000.The bottom graph, of Williamson County, is the friendliest graph of all. Homes are still selling above $100/sqft and prices are holding steady. For those who are not from this area, Williamson County is where the more affluent live, including Nashville's country music stars. Overall, real estate is still a good investment in Tennessee.
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