Nashville Real Estate – July 2017 Update

Nashville Real estate for sale – Nashville is in a sellers market with an absorption rate of less than 2 months and median prices of single family homes at 12.9% higher than they were just 12 months ago.

• the average days on market for homes sold was only 25 days
• the median price of Nashville homes sold was $293,753 compared to $260,148 the previous June
• the absorption rate of Nashville condos is one month based of June sales and available inventory
• the median sales price of Nashville condos increased 10.3% to $199,350
• 418 Nashville condos sold during the month of June compared to 470 last year and only 507 are currently available for purchase

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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