Williamson County Real Estate: Tennessee

Nashville Homes - July Market Update

Nashville Homes for sale - Nashville is in a sellers market with an absorption rate of less than 2 months and median prices of single family homes at 12.9% higher than they were just 12 months ago.

  • the average days on market for homes sold was only 25 days
  • the median price of Nashville homes sold was $293,753 compared to $260,148 the previous June
  • the absorption rate of Nashville condos is one month based of June sales and available inventory
  • the median sales price of Nashville condos increased 10.3% to $199,350
  • 418 Nashville condos sold during the month of June compared to 470 last year and only 507 are currently available for purchase

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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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 1 commentLarry Brewer - Benchmark Realty llc • July 08 2017 05:45PM
Nashville Homes - July Market Update
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