Nashville Real Estate Market Report March 2012

Nashville Real Estate Market Report March 2012 – Nashville real estate sales continue to improve with 1963 properties closing for the month, that’s an increase of 17 percent over March of last year. The prices of Nashville real estate are starting to climb with the median residential price for a single-family of $168,500  compared to $165,000 last year, condominium prices are still lower at $135,000 this year  compared to last year’s $143,000. Pending sales are also up with 2,239 sales pending, compared with 1,910 pending sales at this time last year.  The average number of days on the market for a single-family home was 92 days.

The details of Nashville real estate sales are

• 1592 single family homes sold for the month compared to 1412 last year an increase of 13 percent
• 198  condos sold compared to 168 last year, and increase of 18 percent
• 39 Multi-family homes sold compared to 18 last year
• 134 farms sold compared to 72
• the current inventory of Nashville homes is 11,787 compared to 13,465 at this time last year a 14 percent reduction
• 1625 Nashville condos are available compared to 2122 last year, a reduction of 31 percent

The reduced inventory and increased sales should have the typical supply vs demand impact of raising prices of both Nashville condos, and Nashville homes. The trend has been consistent now for many months, and we expect the prices of Nashville real estate to increase for the remainder of the year.

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For the most-up-to-date information on Nashville current home values, then we urge you to contact us. We can assist you with all aspects of buying or selling real property in this and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Nashville MLS listings come on the market or price reductions in Nashville are posted.

Benchmark realty can assist buyers in all forms of Nashville relocation needs including new construction houses, condos, townhouses, for sale by owner homes, residential lots, townhomes, lofts, and new homes in various subdivisions across the Nashville Metro region. If you are interested in foreclosure homes including pre-foreclosures, short sales, REO properties, bank owned properties and other types of foreclosure properties, then we can assist you. If you’re searching for Nashville foreclosures, then we invite you to view the listings in this or any of the Nashville popular subdivisions on our site. And if you’re searching for condos or townhomes for sale in the Nashville area, feel free to browse our updated listings of Nashville condos, townhouses, townhomes, lofts on our site.

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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(all data current as of 9/23/2023)

Listing information deemed reliable but not guaranteed. Read full disclaimer.