Nashville Real estate for sale and market report – Nashville had the most closing in January in History, and inventory levels as continuing to shrink. The result is a strong sellers market with median prices increasing 7.8% over the same period last year for single family homes.
- the absorption rate of Nashville homes based on January sales is 3 months
- the average days on market for homes sold was 57 days
- the median price of homes sold was $261,500 compared to $242,668 the previous January an increase of 7.8%
- the absorption rate of Nashville condos is 2 months based of January sales and available inventory
- the median sales price of Nashville condos was $184,350
- 437 Nashville condos sold during the month
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 expected growth in the area, I expect this trend to continue for several years.
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If you would like to find out what your current Nashville home is worth, click on the link and enter your address, it will show you what has been sold in your area so that you can get a good idea of what the market is doing. I would be willing to view your property to give you a more accurate estimate at no cost to you. Why is my estimate better than a computer you wonder? It’s because all of the automated systems in the world cannot see the condition of your home, or the surrounding environment. You could have the most beautiful estate in the world, but if it’s next to the interstate or the airport, it will not demand a premium price. On the other hand, you could have an average ranch home on Old Hickory lake, and demand over $200 per square feet. Location is still very important in the value of home and condos in Nashville.
$305,000 : 1101 Pennock Ave, Nashville2 beds, 1 bathListed with Pilkerton Realtors
$629,900 : 504 Lancaster Ave, Nashville4 beds, 4 bathsListed with Keller Williams Realty
$489,000 : 417 Avondale Dr, Nashville3 beds, 5 bathsListed with Armstrong Real Estate - Keller Williams
$319,990 : 925 Fairdale Court, Nashville3 beds, 3 bathsListed with Ryan Homes
$339,900 : 614B Annex, Nashville4 beds, 2 bathsListed with Pilkerton Realtors
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(all data current as of 7/22/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.