Nashville Homes May 2014

Nashville homes for sale and May 2014 market report – 2244 Nashville homes sold during April of 2014, an slight decrease of less than one percent compared to April of 2013. Prices are still on the rise with the median sales price of homes up to $204,905 a very healthy increase of 10.7% compared to April of 2013. The current inventory level of Nashville homes is 2% less than it was 12 months ago, enabling sellers to increase prices.

• 2244 Nashville homes sold during the month compared to 2292 last April a decrease of 1%
• the median sales price for homes sold was $204,905 compared to $185,000 last year
• 10,157 homes are currently listed in the Nashville MLS as available for purchase
• the absorption rate of Nashville homes based on February sales is 4.5 months
• 304 Nashville condos sold during April
• the median price of condos sold was $158,000
• the absorption rate of Nashville condos is 4 months

Nashville real estate is still in a sellers market and I think it will continue in that mode until interest rates become high enough to discourage buyers. Right now it seems like that will not be in the immediate future. Builders are active, and according to the latest reports, most of the building is going on in Williamson county, Davidson county, and Rutherford county in that order.

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(all data current as of 9/22/2023)

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