Nashville's housing market continued its relatively steady march upward in February, with a nine percent increase in activity over last year. Some buyers and sellers are also noticing that the real estate frenzy has become more broad based.
Chris Felts bought his first house 15 years ago. It was a ranch-style home near Antioch. He and his wife wanted to sell a couple of years ago, but homes in the area weren't moving. Then last year, he had a garage sale and got unsolicited offers.
"By the end of the garage sale, I had three people who wanted to buy or rent the house," he says.
After a few renovations, he put the house on the market last month and was under contract within a few weeks. He says he got nearly twice as much as he would have asked for a couple of years ago.
"The boom started right in the middle of downtown and just started spreading outward, like a ripple effect in the water," Felts says. "Eventually Antioch got it, and I don't know how long it will continue to go, but it may ripple on out to who knows where."
According to county-by-county numbers from the end of 2016, every county outside of Nashville increased sales and median price during the fourth quarter.
Felts, who is a stay-at-home dad, is moving his family a little farther out, to four acres across the county line in LaVergne, adding to the increased activity in Rutherford County.