Nashville homes market report for July 2012 –  Sales of single family homes in Nashville increased 26% compared to July last year. and it’s rapidly turning into a sellers market. Inventory levels of single family homes are down 16 percent from this time last year, adding even more intensity to market.

• 2132 Nashville homes sold in June compared to 1691 last year an increase of 26 percent
• the median price of homes sold was $181,250 compared to $179,900
• average days on market is down to 81 days
• 11728 homes are currently listed in the Nashville MLS as available for purchase down 16 percent from the 13,891 last year
• 295 Nashville condos sold in June an increase of 35% over the 219 sold last year
• the median price of Nashville condos was $156,200 a decrease of 1% compared to last year
• Inventory levels of condos in Nashville is down 31% since last July

The Nashville real estate market continues to improve for sellers and get tougher for buyers, and with 2648 sales pending at the end of July, it looks like the inventory of good homes will continue to decline. Now more than ever, you need a good realtor on your side.

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