Nashville Homes For Sale – August 2020 Update

Nashville homes for sale –  The Nashville real estate market is on fire. Nashville area home sales for the month of July were up 12% compared to July of 2019 and 22% over July of 2018.

• • closing in July increased 13.6% month over month and 12% increase over July of last year
  • inventory levels are down 18% compared to July of 2019
  • the median price of Nashville homes increased 8.9% year over year to $344,430
  • the absorption rate of homes based on July sales and current inventory is now less than  2 months

Nashville real estate is in a sellers market with inventory levels still excessively low in most areas.

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