Nashville homes for sale – The median price of Nashville homes increased 12.6% in August compared to the same month in 2016.
- the average days on market for homes sold was only 25 days
- the median price of Nashville homes sold was $285,000 compared to $253,000 the previous August
- the absorption rate of homes based on August sales and current inventory is only 2 months
- The inventory level of single family homes is down 5.5% compared to the same period last year
Nashville real estate is in a very active sellers market with inventory levels shrinking on a monthly basis, driving up the prices of homes and condos to record prices. With the shortage of available lots and the growth in the area, I expect this trend to continue for several years.
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information on this page is based on information on single family homes for sale in Nashville per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed.
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