Nashville Real estate for sale and April market report – Home sales increased 7.4% in March of 2017 compared to the same month last year, and median home prices increased 11.6% during the same time period. The expectation based on current trends is that the prices will continue to rise for the rest of the year.
- the absorption rate of Nashville homes based on March sales is less than 3 months
- the average days on market for homes sold was 50 days
- the median price of homes sold was $273,500 compared to $245,000 the previous March
- the absorption rate of Nashville condos is 2 months based of March sales and available inventory
- the median sales price of Nashville condos increased 9.8% to $199,900
- 397 Nashville condos sold during the month of March and 694 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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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.
$2,100,000 : 2409 Belmont Blvd, Nashville5 beds, 3 full, 1 half bathsListed with Freeman Webb Co., REALTORS
$399,900 : 993 Windrowe Dr, Nashville4 beds, 2 full, 1 half bathsListed with The Ashton Real Estate Group of RE/MAX Advantage
$444,900 : 5708 Tennessee Ave Unit B, Nashville3 beds, 3 full bathsListed with BuySelf, Inc.
$444,900 : 5708 Tennessee Ave Unit A, Nashville3 beds, 3 full bathsListed with BuySelf, Inc.
$415,000 : 1824 Delta Avenue, Nashville3 beds, 2 full, 1 half bathsListed with Keller Williams Realty
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(all data current as of 5/25/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.