Did Everyone Who Bought in 2022 Lose Money in Nashville?

Originally published on Substack

Zillow says Nashville home values are down 1.7% from their 2022 peak. So, does that mean everyone who bought in 2022 now has a home worth 1.7% less? Did they lose money?

I analyzed 38,237 home purchases from 2022 and found 191 that then sold again in 2025. (same address, same sqft)

The result? 77% of them actually sold for a higher price than what they pa…

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