06.13.2024

Today’s Forecast

91º | 6% chance of precipitation | Sunrise 5:29 a.m. | Sunset 8:05 p.m.

Let’s get real (estate)

New index measures how difficult it is to buy a home in Davidson County

Five tall skinny homes next to each other, all with fenced in front yards and a private gravel parking area outside the gate.

Davidson County has a relatively high home inventory right now, according to this new index. | Photo by NASHtoday

Whether you’re googling your next move or you’re just a frequent Zillow scroller, this new home buyer index might help you keep better tabs on the Davidson County market as it shifts from month to month.

How it works

A real estate industry analyst, bank economist from the Federal Reserve Bank of Atlanta, and other experts helped develop the tool, according to NBC News. A 0-100 scale (the higher the number, the harder) generally represents a Nashvillian’s level of difficulty when purchasing a home. It’s measured using four factors: cost, competition, scarcity, and economic instability (think: market volatility, unemployment, and interest rates).

The index updates on Thursdays after the third Saturday of each month, meaning the next update comes on June 20.

Diving into Davidson County

Let’s dig into the local data from April and compare it to previous months to gauge what June could bring based on trends. The county is sitting at nearly 72 on the difficulty index, which is down just slightly from this time last year. Still, that number puts Nashville in the “extremely tough conditions” category.

Cost and economic instability are the two factors that appear to play into this higher number the most. There’s a roughly $36,000 difference between the median income of Davidson County residents and what’s needed for a median-priced home in 2024. This coincides with a gradual rise in the median list price year over year.

Our pro tip? It’s a good idea to also factor in some of the local real estate predictions for the year.

For instance, Davidson County is experiencing a lower competition rate than surrounding counties like Williamson, Cheatham, Robertson, and Sumner. Interest rates can be changed in the future if they go down — which they’re expected to three to four times this year. With that, you’re looking at in increase in competition.

Asked

On a scale of 1-5, how important is the state of Nashville’s market to you?

A. 1 — Not looking at buying any time soon, so rarely keep up
B. 2 — Indifferent about the topic
C. 3 — Keep an eye on things, but no direct impact currently
D. 4 — Leisurely looking to become a homebuyer
E. 5 — Looking or interested in the market currently

Curious minds want to know

Events

Thursday, June 13

Shelby Walking Club | Thursday, June 13 | 9-10 a.m. | Shelby Park’s Mission Picnic Pavilion | Free | Friends of Shelby’s walking club meets every Thursday for a stroll around the 1-mile Lake Loop.
First Taste: An Introduction to The Nashville Food Project | Thursday, June 13 | 12-1 p.m. | The Nashville Food Project, 5904 California Ave. | Free | Visit the The Nashville Food Project’s headquarters for a short presentation and a Q+A session.

Friday, June 14

A “No Hike” Bird Hike | Friday, June 14 | 9-10:30 a.m. | Warner Park Nature Center, 7311 Hwy. 100 | Free | Sit comfortably at Spring Hollow, one of the quietest picnic areas in Warner Parks, while observing birds and learning tips on identification.
Luis Miguel | Friday, June 14 | 8 p.m. | Bridgestone Arena, 501 Broadway | $81+ | The artist has had 16 No. 1 hits on Billboard‘s Hot Latin Songs chart.

Saturday, June 15

Exposition of Elegance: Classic Cars at Cheekwood | Saturday, June 15-Sunday, June 16 | 9 a.m.-5 p.m. | Cheekwood, 1200 Forrest Park Dr. | Cost of admission | Cruise into Cheekwood to see cars from the early to mid-20th century + a new vintage motorcycle showcase.

Sunday, June 16

Bridge to Broadway Block Party | Sunday, June 16 | 12-8 p.m. | National Museum of African American Music, 510 Broadway | Free+ | Watch a variety of performances by DJ Smoke, Houston Kendrick, Daisha McBride, Singa B, and Nappy Roots + shop from participating Nashville Black Market vendors.

Monday, June 17

River on the Rooftop: Jelly Roll | Monday, June 17 | 6 p.m. | Skydeck on Broadway, 5055 Broadway | Free | Kick off the week with a rooftop concert featuring Jelly Roll — entry is first come, first serve.

Events calendar here

Click here to have your event featured.

News Notes

Development

Developers behind Midtown’s Voce Hotel and Residence are anticipating an August construction start. The property at the intersection of 18th Avenue North and Hayes Street will offer 25 floors filled with 194 for-sale residences, 116 hotel rooms, and 60,000 sqft of office space. Condo prices begin in the $500,000s. (Nashville Post)

Open

The wait is over. Midtown’s Tavern (1904 Broadway) reopens for dinner service today, June 13 at 4 p.m. — with a few changes. Guests can anticipate an “elevated menu, expanded craft cocktail focus, and a completely renovated interior design.” Full lunch and dinner service begins Monday, June 17. Make a reservation.

Drink

You can find flowers and coffee under one roof at East Nashville Flower Shop come Saturday — 114 S. 11th St. #101. The biz hosts the launch party for its cafe component, which will brew Counter Culture Coffee beans, on June 15. Bonus: Stop by that day for a free drink and pastry.

Biz

Lil Ricky’s Chinese Takeaway is on its way to Midtown Foods in the Watkins Park neighborhood — 614 18th Ave. N. The pickup and delivery-only eatery serves “Southern-inspired Szechuan cuisine,” in addition to vegan + gluten-free dishes, and will operate from the Beginner’s Luck kitchen after it closes for the day. Stay tuned for a grand opening date.

Concert

You’ll have double the opportunity to see Shane Smith & The Saints this fall when the group puts on back-to-back shows at Ryman Auditorium — Oct. 24 and 25. Ticket sales begin tomorrow, June 14 at 10 a.m. Fun fact: The band premiered “Fire in the Ocean,” the final track on their most recent album, on “Yellowstone.”

Watch

Bode Nashville is joining the growing list of places to see an outdoor movie this summer. The free Block Buster & Chill series kicks off on Thursday, June 27 with classic film screenings in the hotel’s courtyard, which take place the first and last Thursday of every month until October.

Try This

Let’s crawl, y’all

Nashville Pride Coffee Crawl returns with specialty drinks

An iced latte with a lime green foam and sprinkles on top sits on the corner of a tiled table.

Visit Matryoshka’s 300-sqft micro cafe in South Nashville to try the Brat, which is similar to the confetti Cuban. | Photo via Matryoshka Coffee

For the next week and a half, 36 coffee shops will be serving specialty drinks for Pride month. The Nashville Pride Coffee Crawl, now in its third year, runs through Saturday, June 22. Let’s pour over a few options, shall we?

Dose Coffee | The Cabana Boi | A take on Italian soda using sparkling water, a house-made passionfruit syrup, and a dash of coconut milk
Bongo Java Belmont | Here’s The Tea | Mango-infused peach black iced tea topped with strawberry cold foam and sparkles
Weak Coffee | Everyone’s Invited | Blue matcha, house-made pineapple syrup, macadamia milk, and a strawberry dusting
Flora + Fauna | Late Bloomer | Iced latte with lavender, orange blossom, orange, butterfly pea flower, and a hint of beet + garnished with a violet and candied orange peel
Retrograde Coffee | Boy, Bi | Fever-Tree sparkling lemonade base, topped with a house strawberry simple syrup and butterfly pea powder + garnished with glitter

Full list of participating shops

The Buy

The Buy 6.13.24 (Affiliate + Six & Main)

A Father’s Day gift that will ship in time for this weekend, thanks to Prime. We’re seeing pizza stones, spikeball kits, roomy travel backpacks, and quintessential “Best Dad Ever” mugs (those are always a winner, right?).

The Wrap

Today’s edition by:
Skylar

From the editor

It looks like this weekend’s weather is going to turn out just peachy, and we can’t think of a better way to celebrate than attending the Nashville Farmers Market’s Peach Jam Festival. On Saturday (10 a.m.-2 p.m.), listen to live music, make your own T-shirt at the free screenprinting station, and sip on boozy peach beverages.

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