Nashville Homes for Sale and June 2015 Market Report – 2943 Nashville homes sold in May at an median price of $235,000. That’s an increase of 16% over the number of homes sold last May, and an increase in median sales price of 12%. The inventory level of Nashville homes is down to 9067, 14% lower compared to this time last year, making the absorption rate for Nashville homes only 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.

• 2942 Nashville homes sold in the month of May compared to 2544 last year, an increase of 16% year over year
• The median sales price of homes sold was $235,000 compared to $209,900 last year, an increase of 13%
• inventory of available homes is down 14% to 9067 homes
• the absorption rate based on May sales and current inventory is 3 months, most experts say a month absorption rate is a balanced 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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For the most-up-to-date information on Nashville real estate prices, 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 Nashville homes come on the market or price reductions in Nashville real estate are posted.

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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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