Tennessee Housing Market Trends
Loan Wolf Capital is a Tennessee-based lender, working with real estate investors in Nashville, Memphis, Franklin, Murfreesboro and across the State of Tennessee. Our team has expertise in the real estate market, and we’re available whenever you have questions or needs based on your loan. Tennessee real estate continues to shatter records! Tennessee's residential real estate market continued to set new records in May, according to the latest Tennessee Association of Realtors Market Update.
Single-family home sales shot up more than 48% compared to May 2020, with 9,702 units sold this May versus 6,546 last year. This marks the biggest one-month year-over-year sales volume increase of all time in Tennessee. It was also the twelfth month in a row Tennessee experienced positive sales. Currently, home sales are leading 2020’s record pace by 29.5%.
Luxury homes priced $750,000 and up saw a massive 291% year-over-year increase, followed by homes priced from $500,000 to $750,000, which saw a 166% increase. Tennessee also saw an 82.8% rise in homes priced from $250,000 to $499,999.
"We are witnessing the most energized Tennessee real estate market in history!" says Chairman of Tennessee Association of Realtors
Loan Wolf Capital is the leading local hard money lender in Tennessee. We always have cash on-hand, because we’re one of Tennessee's only direct lenders. Our commitment to outstanding service means we never sell or broker your loan, and perform all lending operations in-house. We provide Fix & Flip and construction loans. We also have a buy & hold program along with a transactional funding program for those investors in need of short term capital to close a deal.