We were about to put an offer down on a home in a rural-ish area of north Nashville when we got additional information that showed it was ~120k overvalued. It still ended up with multiple offers in less that 24 hours.
Now I'm just curious which area is considered ruralish (assuming it is outside Williamson). There's a ton of buildable land left in Middle TN since there aren't too many natural boundaries, I've always found that interesting when looking at the possible density.
I know it is a bit seasonal and all and anecdotal but prices are stabilizing in several TN areas where it was growing XX%, we'll see I guess.
I’m talking about Hendersonville (north of Nashville). As for buildable land, not a chance right now. At least not at a reasonable price. My wife and I have been looking for land in Hendersonville for seven years, it’s awful. Old Hickory, the hilly terrain, and poor properly lines make it hard. It’s frustrating because our daughters all go to school in Hendersonville, but we live in White House.
I know it is a bit seasonal and all and anecdotal but prices are stabilizing in several TN areas where it was growing XX%, we'll see I guess.