Nashville homes for sale and February 2023 market report – Inventory levels are almost triple what they were 12 months ago but the prices are almost the same as they were last February.
- 1742 homes sold in Nashville during February of 2023 compared to 2300 for the same month last year a reduction of 32%
- the median sales price for Nashville homes was $450,000 almost the same as last years $446,175
- 5827 homes are available for purchase at the end of at end of February compared to 2001 last year an increase of 191%
- the absorption rate based on February home sales and available inventory is three months
- the average days on market for Nashville homes is now 59 days
- 319 Nashville condos sold during the month compared to 400 for the same month last year
- the median sales price of Nashville condos was $331,900 compared to $329,827 last year
As expected the Federal reserve has made a large impact on the housing market and mortgage rates have at times been over 7% lately taking the affordability of Nashville homes for some people out of reach for now. On the other hand buyers now are a lot less likely to get in a bidding war when most homes come on the market. If you can afford it, buying a home now makes a lot of sense because the prices are possibly bottoming out, and rates are probably topping out. You should be able to refinance in the future for a much lower rate and have the home you wanted at a reasonable price. Of course the Federal reserve may decide otherwise, but historical it’s been a good plan. Let me know if you would like to purchase or sell and Nashville real estate.
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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 posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area
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Lot Size11,762 sqft
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Home Size2,614 sqft
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Beds5 Beds
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Baths3 Baths
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Year Built2023
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Lot Size35,720 sqft
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Home Size1,288 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1998
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Lot Size872 sqft
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Home Size1,026 sqft
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Beds1 Bed
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Baths2 Baths
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Year Built1973
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Lot Size2.90 ac
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Home Size1,599 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1958
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Lot Size2,135 sqft
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Home Size1,556 sqft
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Beds3 Beds
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Baths3 Baths
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Year Built2019
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Lot Size
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Home Size2,420 sqft
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Beds3 Beds
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Baths3 Baths
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Year Built2023
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Lot Size2.30 ac
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Home Size916 sqft
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Beds3 Beds
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Baths1 Bath
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Year Built1974
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Lot Size6,970 sqft
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Home Size2,473 sqft
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Beds3 Beds
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Baths3 Baths
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Year Built2023
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Lot Size
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Home Size2,313 sqft
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Beds3 Beds
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Baths3 Baths
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Year Built2023
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Lot Size
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Home Size2,420 sqft
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Beds3 Beds
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Baths3 Baths
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Year Built2023
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(all data current as of
10/3/2023)
Listing information deemed reliable but not guaranteed. Read full disclaimer.