Nashville Homes for Sale and August 2015 Market Report – 3173 Nashville homes sold in August at an median price of $235,000. That’s an increase of 16% over the number of homes sold last August, and an increase in median sales price of 7%. The inventory level of Nashville homes is down 14% compared to last August and the absorption rate is down to 3 months. Nashville home buyers need to expect that most good homes get offers the first day on market sometimes with multiple offers. Nashville real estate is in a sellers market.
- 3173 Nashville homes sold in the month of August compared to 2676 last year, an increase of 16% year over year
- The median sales price of homes sold was $235,000 compared to $219,900 last year, an increase of 7%
- inventory of available homes is down 14% to 8904 homes
- the absorption rate based on August sales and current inventory is 3 months a sign of a sellers market
Nashville real estate sales continue to increase as inventory levels continue to decline. The laws of supply and demand will continue to push home prices higher as more people continue to move to the Nashville area.
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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 post is the property of Larry Brewer of Benchmark realty representing buyers and sellers of Nashville real estate including the surrounding areas of Franklin, Brentwood, Spring Hill, Murfreesboro, Green Hills, and Belle Meade.
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(all data current as of 10/4/2023)
Listing information deemed reliable but not guaranteed. Read full disclaimer.