Nashville Real Estate Sales Increase 38 Percent in November 2012

NashvilleNashville Real Estate Sales Increase 38 Percent in November 2012 – There were 2,198 home closings reported for the month of November, an increase of  38 percentfrom the 1,592 closings reported for the same period last year. Sales of single family homes were up 37 percent with 1815 closings compared to 1320 last year, and Nashville condo sales were up 30 percent with 238 closings compared to 182 last year. Sales of farms and land were up 61% with 121 closings.

The median residential price for a single-family home during November was $179,900, compared to $167,500 last November, an increase of 7%,  and for a condominium it was $152,000, compared to $158,690, a decrease of 4%.

Inventory levels of Nashville homes declined 18% and Nashville condo inventory is down 34%, indicating that prices should continue to increase.

  • the median sales price for Nashville homes increase 7% in November to $179,900
  • the median price of Nashville condos declined 4% to $152,000
  • the inventory levels of Nashville homes declined 18% to 10,035 active listings
  • the inventory levels of Nashville condos declined 34% to 1240
  • the number of closings for Nashville homes increase 37% compared to November 2011 with 1815 closings compared to 1320 last year
  • the absorption rate for Nashville homes based on November sales and current listing is down to 5.5 months

The market for Nashville real estate continues to improve, and the inventory continues to decline, the prices are sure to increase.

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For the most-up-to-date information on Nashville current home values, then we urge you to contact us. We can assist you with all aspects of buying or selling real property in this and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Nashville MLS listings come on the market or price reductions in Nashville are posted.

Benchmark realty can assist buyers in all forms of Nashville relocation needs including new construction houses, condos, townhouses, for sale by owner homes, residential lots, townhomes, lofts, and new homes in various subdivisions across the Nashville Metro region. If you are interested in foreclosure homes including pre-foreclosures, short sales, REO properties, bank owned properties and other types of foreclosure properties, then we can assist you. If you’re searching for Nashville foreclosures, then we invite you to view the listings in this or any of the Nashville popular subdivisions on our site. And if you’re searching for condos or townhomes for sale in the Nashville area, feel free to browse our updated listings of Nashville condos, townhouses, townhomes, lofts on our site.

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.

See all Nashville $200,000 to $300,000.
(all data current as of 4/23/2014)

  1. 3 beds, 3 full baths
    Home size: 1,440 sq ft
    Lot size: 4,950 sqft
    Listed with Benchmark Realty, LLC
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  2. 3 beds, 3 full baths
    Home size: 1,440 sq ft
    Lot size: 4,950 sqft
    Listed with Benchmark Realty, LLC
    Broker reciprocity icon
  3. 4 beds, 2 full, 1 part baths
    Home size: 2,669 sq ft
    Lot size: 9,147 sqft
    Listed with Worth Properties LLC
    Broker reciprocity icon
  4. 3 beds, 2 full baths
    Home size: 1,340 sq ft
    Lot size: 14,374 sqft
    Listed with Avenue Real Estate Services
    Broker reciprocity icon
  5. 2 beds, 2 full, 1 part baths
    Home size: 1,430 sq ft
    Listed with Village Real Estate Services
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Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

 

 

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