Buyers moving to Nashville have a budget almost 50% higher than locals looking to buy.
In online searches, buyers relocating to Nashville set an average maximum price of of $719,000.
Existing residents looking to buy set an average max price of $485,000.
That means buyers moving to Nashville set their price search cap 48% higher than local buyers. This is the widest gap between locals and relocation buyers of any city examined in a new study.
Nashville's residential real estate market is sizzling even in a pandemic as people look to flee larger, dense urban cities. Out-of-towners continue to increasingly influence home sales in the region.