Williamson County Real Estate: Tennessee

Nashville Real Estate - January 2018

Nashville real estateNashville real estate for sale - Home prices in the Nashville area continue to rise with the median price of homes sold in December up to $294,000, an increase of 10.3% over the same period in 2016. The market for Nashville condos is even hotter, the median price of condos increased 16.4% in last 12 months to $209,450. It sounds like a broken record, but sales are still being held back by a shortage of inventory in many areas and price ranges.

  • the average days on market for homes sold during the month was 30 days
  • the median price of Nashville homes sold was $294,000 compared to $266,408 the previous December
  • the absorption rate of homes based on December sales and current inventory is only 2 months
  • The median price of Nashville condos increased 16.4% to $208,000
  • The absorption rate of condos in Nashville based on December sales and the current inventory is less than 2 months

Nashville real estate is in a very active sellers market with inventory levels shrinking on a monthly basis, driving up the prices of homes and condos to record prices. With the shortage of available lots and the growth in the area, I expect this trend to continue for several years.

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 information on this page is based on information on single family homes for sale in Nashville per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed.

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area
 

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Comment balloon 0 commentsLarry Brewer - Benchmark Realty llc • January 11 2018 06:09PM
Nashville Real Estate - January 2018
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Nashville real estate for sale - Home prices in the Nashville area continue to rise with the median price of homes sold in December up to $294, 000, an increase of 10. 3% over the same period in 2016. The market for Nashville condos is even hotter,… more
1038 Watauga Ct in Newport Crossing is Sold
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1038 Watauga Ct in Newport Crossing is sold - This beautiful home in Thompsons Station is one of the best single story floor plans in the community. Located on a quiet cul-de-sac with a wooded back yard, completely updated with new hardwood floors,… more
Franklin Tn Real Estate - December 2017
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Franklin Tn real estate for sale - Franklin homes are still in a very hot sellers market with the absorption rate of only 2 months and the average days on market is still only 36 days. 198 homes closed during the month of November an increase of… more
Williamson County TN Real Estate - November 2017
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Williamson County TN real estate is in a sellers market - The median price of homes sold in Williamson county increased 7. 8% during the last 12 months to $479, 900. 407 homes closed in November compared to 377 for the same month in 2016 the median… more
Wades Grove Homes in Spring Hill TN - December 2017
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Wades Grove Homes for sale - Only 5 homes sold in Wades Grove during the month of November, and I was involved with 2 of those with either the buyer or seller. The home I listed at 1010 Rudder sold with multiple offers on the first day on market… more
1010 Rudder Drive in Wades Grove is Sold
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Wades Grove home at 1010 Rudder is sold - This home was under contract within 24 hours of being listed and had multiple offers. All brick homes in this price range are hard to find in Williamson county, so Wades Grove homes are in high demand. My… more
Nashville Luxury Homes for Sale - November 207
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Nashville luxury homes for sale - With the rest of the Nashville market highly favoring the sellers, the market is a lot more balanced in this price range. Million dollar homes in Nashville are averaging 84 days on market compared to just 27 days… more
Nashville Real Estate - November 2017
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Nashville real estate for sale - Home prices in the Nashville area continue to rise with the median price of homes sold in October up to $277, 642, an increase of 6. 4% over the same period in 2016. the average days on market for homes sold was only… more
Spring Hill TN Homes for Sale - November 2017
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Spring Hill TN homes for sale - We are still in a strong sellers market in Spring Hill with the average days on market still less than one month and the list price to sale price ratio is 99. 4%. The absorption rate based on October sales is down to… more
Wades Grove Homes - October 2017
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Wades Grove Homes for sale - the absorption rate of homes in the Wades Grove community is statistically two months, but only 2 of the 24 homes listed as available in the MLS are completed homes, and both of those are resales that probably already… more