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.
$415,000 : 533 Richmar Dr, Nashville3 beds, 3 bathsListed with Keller Williams Realty
$395,000 : 922 Fatherland St, Nashville2 beds, 1 bathListed with Exit Realty East Nashville
$449,900 : 8036 Montcastle Drive, Nashville4 beds, 4 bathsListed with American Heritage Inc.
$379,900 : 808 William Howard Ct, Nashville3 beds, 2 bathsListed with The Realty Association
$499,900 : 4603 Sloan Rd, Nashville2 beds, 1 bathListed with The Ashton Real Estate Group of RE/MAX Advantage
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(all data current as of 7/23/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.