Nashville Home Sales December 2019

Nashville homes for sale – Home sales are much higher in December than the same period last year with 2880 single family homes sold compared to 2436 in December of 2018 an increase of 18% year over year. The median price of homes sold increased 5.2% during the sale period of. The absorption rate of single family homes in Nashville is still at only 2 months and the list price to sales price ratio is 99%. It seems that the prediction of a recession was incorrect and sales are still at very high levels for winter months.

• • 2880 homes closed during the month of December compared to 2436 for the same month last year
  • 6612 single family homes are currently listed for sale in Nashville compared to 7702 last year, a reduction in inventory of 16%
  • the median price of Nashville homes sold was $324,000 compared to $308,000 the previous December
  • the absorption rate of homes based on December sales and current inventory is still only 2 months

Nashville real estate is in a very active sellers market with inventory levels still excessively low in most areas with affordable homes, but rising interest rates seem to be having some impact on the rate of sales.

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