Nashville Real estate for sale and market report – Home sales increased 9.3% in February of 2017 compared to the same month last year, and median home prices increased 10.1% 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 February sales in 2.75 months
- the average days on market for homes sold was 54 days
- the median price of homes sold was $258,950 compared to $235,000 the previous February an increase of 10.1%
- the absorption rate of Nashville condos is 2 months based of February sales and available inventory
- the median sales price of Nashville condos increased 10% to $192,400
- 286 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 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.
$999,900 : 3705B Estes Rd, Nashville5 beds, 3 full, 1 half bathsListed with Worth Properties LLC
$999,900 : 3705A Estes Rd, Nashville5 beds, 3 full, 1 half bathsListed with Worth Properties LLC
$449,900 : 1516A Arthur Avenue, Nashville3 beds, 2 full, 1 half bathsListed with Metropolitan Brokers
$309,000 : 530 Northcrest Dr, Nashville3 beds, 1 full bathListed with Reliant Realty ERA Powered
$1,599,000 : 4002 Lealand Ln, Nashville5 beds, 5 full bathsListed with Reliant Realty ERA Powered
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(all data current as of 3/27/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.