Nashville Homes Sales Increase – Nashville homes sales increase 20% for the month, compared to January of last year. The inventory of homes listed in the Nashville MLS is down 17% compared to the same time last year, surely causing the increase in median prices to increase 6% over the last 12 months to $167,000.
- 1334 Nashville homes sold in January 2013 compared to 1116 last year, an increase of 20%
- the median sales price of Nashville homes sold was $167,000 compared to $157,500 last year
- 174 Nashville condos sold for the month compared to 158 last year
- the median sales price for Nashville condos increased 6.9% to $150,000
- The inventory of Nashville homes available is down 15% compared to last January to 9342 homes
- average days on market is down to 81 days
The bottom line to buyers and seller of Nashville real estate is this, sales are increasing, and the inventory of available homes continues to shrink. These market forces will cause prices to increase. It’s a good time to list your house if you’ve been thinking about it, but if you are a buyer, be aware that the market has changed, and the best houses move really fast.
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(all data current as of 7/25/2014)
$379,900 : 152 Carnavon Pkwy, Nashville4 beds, 3 full bathsListed with Exit Realty Music City
$250,000 : 1823 Old Murfreesboro Rd, Nashville3 beds, 1 full bathListed with RE/MAX Elite
$337,500 : 6732 Darden Place, Nashville3 beds, 2 full bathsListed with Benchmark Realty, LLC
$339,900 : 767 Georgetown Drive, Nashville3 beds, 3 full bathsListed with The Wilson Group
Listing information deemed reliable but not guaranteed. Read full disclaimer.