Nashville Condo Sales Increase 27 Percent in January

Nashville Condo Sales Increase 27 Percent in January with 142 closing in Nashville and the surrounding communities compared to 112 last January. Prices of Nashville condos increased 7 percent from $166,844 to $178,847 and average days on market is down to 3.5 months. 230 Nashville condos are currently pending and only 1345 Nashville condos are listed in the Nashville MLS as available for purchase. My analysis is that the buyers are now becoming a larger group than the sellers and the bargains are becoming harder to find. My prediction is that the Nashville condo market will be a full blown sellers market by mid summer if not sooner. In some areas like Green Hills, it already is.

• 142 Nashville condos sold in the month of January compared to 112 last year
• 230 Nashville condos are currently pending sale
• the average sales price was $178,847 up 7 percent from last January
• 1345 condos are currently listed in the Nashville MLS as available for purchase

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information on this page is based on information on condos for sale in Nashville per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed.

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