Williamson County Real Estate: Nashville Homes - July Market Update

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.

Search for Nashville real estate here

 

Find the value of your Nashville home here Nashville home values, For the most-up-to-date information on Nashville home values, then we urge you to contact us. We can assist you with all aspects of buying or selling real property in this and other neighborhoods in the Nashville Metro area.

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

 

 Twitter Seach for Homes

Comment balloon 1 commentLarry Brewer - Benchmark Realty llc • July 08 2017 05:45PM

Comments

Nashville home prices are going up at a fairly rapid rate due to a sever shortage of inventory. The migration to Nashville from hi tax states is rapid and causing to traffic issues to go along with a shortage of housing. I talk to people from California, Ohio, Michigan, and Minnesota on a weekly basis that can't wait to get away from the high cost of living in those states.

Posted by The Brewer Team - Benchmark Realty (Benchmark Realty) about 1 year ago

This blog does not allow anonymous comments