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Nashville Real Estate – December 2022 Update

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Nashville HomeNashville real estate for sale and November 2022 market report – The number of single family homes sold in the Nashville area declined by 37% compared to the same month last year, however the prices of homes sold still averages 8% more than they did 12 months ago.

  • 1992 homes sold in Nashville during November of 2022 compared to 3182 for the same month last year a reduction of 37%
  • the median sales price for Nashville homes was $460,000 up from $425,000 last year, an increase of 8%
  • 7002 homes are available for purchase at the end of at end of November compared to 3019 last year, more than double
  • the absorption rate based on November home sales and available inventory is three months
  • the average days on market for Nashville homes is now 41 days
  • 332 Nashville condos sold during the month compared to 599 for the same month last year
  • the median sales price of Nashville condos was $345,000 compared to $298,000 last year

Most experts believe that prices will flatten if interest rates remain elevated compared to the last 10 years, we can only make assumptions based on past history and what the Federal Reserve bank is forecasting. Homes are staying on the market longer and buyers have a better opportunity to find a home they love instead of trying to buy a home that has 10 bids on it already. If you are moving here from out of state, it’s a lot better time to buy than it was last year or even in the spring of this year because we have a much better selection of homes.

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information on this page is based on information on Nashville real estate per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed. This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area

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(all data current as of 12/8/2022)

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Mckays Mill Homes For Sale November 2022

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Mckays Mill  – 4 homes sold during October of 2022, 50% less than the same month last year. The average price of homes sold increased 24% during the same period.

  • the list price to sales price ratio of homes sold in October was 99.83%
  • average days on market for homes sold was 3 days
  • 6 homes are currently listed in the Nashville MLS as available for purchase
  • the average price per square foot of homes sold was $272 compared to $223 for the same period last year
  • The average sale price for October was $957,475 compared to $771,070 for the same period last year
  • the average size of homes sold was 3641 square feet
  • 7 Mckays Mill homes are currently pending sale

Here is a summary of the conditions of the market for Mckays Mill homes, and it’s sister next door the Villages of Clovercroft, it’s still a sellers market with and average days on market of only 3 days. Most new listings have an offer within 24 hours now, and the list price to sales price ration is 99%. The reasons are simple, it’s one of the most affordable places to live in the Cool Springs area of Franklin, and the commute to downtown Nashville is less than 20 miles by interstate.

Search for Mckays Mill homes in Franklin TN here

information on this page is based on information on single family homes for sale in Mckays Mill Franklin TN per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed.

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area

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(all data current as of 12/8/2022)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 
 

Ladd Park Homes for Sale – November 2022

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Ladd Park homes for sale – Ladd Park homeThe high interest rates have made an impact on Ladd Park home sales with more days on market and a lower list price to sales price ratio. Meaning that buyers sometimes have room to negotiate, something we haven’t seen in a few years.

  • The average sales price for Ladd Park homes sold during the month of October was $1,001,497 compared to $939,626 last year.
  • average days on market is up to 32 days, giving buyers a chance to take a good look before making a purchase
  • the average size of Ladd Park homes sold during October was 3202 square feet making the average price per square foot $315
  • 6 homes are currently pending sale
  • 12 Ladd Park homes are listed in the Nashville MLS as available for purchase
  • The absorption rate for Ladd Park homes is one month based on sales during October and the current inventory

 

For the most-up-to-date information on 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  listings come on the market or price reductions are posted.

Search for Ladd Park homes for sale here

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 in Ladd Park or neighboring communities, 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 Ladd Park subdivision in Franklin Tn per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed.

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(all data current as of 12/8/2022)

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Spring Hill TN Homes for Sale – November 2022

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Spring HillSpring Hill TN homes for sale – Buyers have a chance to purchase a great home right now in Spring Hill, the rise in interest rates have slowed the pace of sales and inventory levels are starting to get back a more normal market. Investors are not as active as they were, and cash buyers seem to be less common as they were just a few months ago. Prices are still firm, but it’s not a bidding war like it was.

  • 47 homes sold in Spring Hill during the month of October 2022 compared to 65 for the same period of 2021 a decrease of 28%
  • The median sales price of homes sold during October was $619,900 compared to $525,000 for the same period last year an increase of 18%
  • 98 Spring Hill homes are listed as available for purchase in the Williamson county portion of Spring Hill – more than we’ve seen lately
  • 46 homes are currently under contract pending sale, most are new homes waiting for completion
  • the median price per square foot for Spring Hill homes sold during the month of October was $239 compared to $209 for the same period last year, an increase of 14%
  • The median days on market for sold homes is up to 12 days

Inventory levels are improving due to the higher interest rates pricing some buyers out of the market. This may the be opportunity that buyers have been waiting for. Buy the home you want without getting in a bidding war and refinance the home when the rates come down.

Homes in Spring Hill TN are now averaging $239 per square foot compared to $314 in Franklin.  a difference of 31% so the homes are still a significant bargain for Williamson county.

Search for Spring Hill TN homes for sale here.

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For the most-up-to-date information on Spring Hill TN homes, 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 Spring Hill listings come on the market or price reductions in Spring Hill TN homes are posted.

information on this page is based on information on Spring Hill real estate in Williamson county per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed. This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area

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(all data current as of 12/8/2022)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 
 

Polk Place Homes for Sale – November 2022

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Polk Place HomePolk Place Place Homes for sale and Market Report – Only one home closed in Polk Place during the month of October and it sold for 97% of asking price, quite a difference from the market we had last summer. High interest rates had made a big change to real estate market worldwide, and Franklin is no exception.

  • the Polk Place home that closed was only on the market for 16 days.
  • 6 home are currently available for purchase at an average list price of $811,117 and an average size of 3114 square feet
  • no homes are currently under contract.
  • the average price per square ft of Polk Place homes sold in 2022 so far has been $278 compared to $219 in 2021 and increase of 27%.

Polk Place is located on the south side of Franklin next to the historic Carnton Plantation property. With all brick homes at affordable prices, Polk Place has always been in high demand. Only 13 homes have sold in Polk Place this year, so waiting for the right home requires patience and a good buyers agent who knows the neighborhood.

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For the most-up-to-date information on Polk Place 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 Franklin area. Also ask to be placed on an instant notification system when any new listings come on the market or price reductions are posted.

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Nashville Homes for Sale – November 2022 Update

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Nashville HomeNashville homes for sale and October 2022 market report – Inventory levels are more than double what they were 12 months ago but the prices have remained elevated.

  • 2299 homes sold in Nashville during October of 2022 compared to 3209 for the same month last year a reduction of 39%
  • the median sales price for Nashville homes was $478,500 up from $429,900 last year, an increase of 11%
  • 7277 homes are available for purchase at the end of at end of October compared to 3385 last year an increase of 114%
  • the absorption rate based on October home sales and available inventory is three months
  • the average days on market for Nashville homes is now 39 days
  • 391 Nashville condos sold during the month compared to 593 for the same month last year
  • the median sales price of Nashville condos was $346,510 compared to $295,000 last year

Most experts believe that prices will flatten if interest rates remain elevated compared to the last 10 years, we can only make assumptions based on past history and what the Federal Reserve bank is forecasting. Homes are staying on the market longer and buyers have a better opportunity to find a home they love instead of trying to buy a home that has 10 bids on it already.

Search for Nashville Real estate here

information on this page is based on information on Nashville real estate per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed. This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area

  • List View
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See all nashville.
(all data current as of 12/8/2022)

Listing information deemed reliable but not guaranteed. Read full disclaimer.