Did I Hear the Words, "Sellers Market"?

Did I Hear the Words, "Sellers Market"? Yesterday, the Woman's Council of Realtors met at the Williamson County Association of Realtors office to hear Edsel Charles, the founder and Chairman of the Board for MarketGraphics Research Group, Inc., present his forecast for the Nashville real estate market for the next few years. Edsel, was one of the few that warned investors, builders and real estate professionals of the impending burst of the bubble back in 2006. Edsel's forecasts have been both factual and accurate for the past 12 years.

His predictions are as follows:

1) A steady recovery for the Nashville/Williamson County area for the next several years.

2) Property prices will continue to inch upwards with the area recovering to 2006 market levels by 2014.

3) The area may experience difficulty in the new construction arena as there may be a shortage of building lots over the next couple of years. Overall, the forecast for the area was good and gave glimmers of hope that every cloud does have a silver lining.

Who knows, the words, "Sellers Market" just might be back in our vocabulary once again...