Homes for sale in Nashville and July 2015 Market Update – sales of single family homes in Nashville increased 15.4% in June compared to the same month last year, and the median price increased 8% to $240,000. The current inventory or homes for sale in Nashville is down 13% to 9179 active listings, creating an absorption rate of less than 3 months, keeping Nashville homes in a seller’s market. I expect prices to continue to rise as long as inventory continues to shrink.
- the median price of homes sold in June was $240,000
- Average days on market for sold homes is down to 57 days
- Nashville condo sales increased 18% to 360
- the median price of Nashville condos sold was $172,000
- the inventory of available condos is down 19% compared to the same time last year
- the absorption rate of Nashville condos is down to 2 months
Nashville real estate is in a seller’s market right now, and from all indications, prices should continue to increase for the near future as interest rates remain low, and more people move to the area. Some of the homes in more popular neighborhoods are having multiple offers the first day on market.
If you are interested in selling your Nashville home or Nashville condo, contact me here. I’ll help you get the most from you property, and help you find your next home.
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