Nashville real estate sales for January included 1116 home closings and 158 condo closings, and increase of 22 percent for homes and 35 percent for condos. Inventory levels for single family homes are down 18 percent compared to the same period one year ago, and Nashville condo inventory levels are down 26 percent. All of this together means that it’s tougher for buyers to find what they are looking for, and a better opportunity for sellers to get a fair price for their Nashville real estate
- 1116 Nashville homes closed in January compared to 918 in 2011, a 22 percent increase
- 158 Nashville condos closed compared to 117 last year, a 35 percent increase
- the median price of Nashville homes sold was $157,500 compared to $165,325 last year
- the median price of Nashville condos was $140,325 compared to $131,500 last year
- 1o,971 Nashville homes are available for purchase compared to 12,595 last year
- 1526 Nashville condos are available compared to 1922 last year
- the absorption rate for Nashville homes based on January sales is 9.8 months
- the absorption rate for Nashville condos is 9.5 months
- The average number of days on the market for a single-family home was 95 days
The statistics are showing a trend for a very strong year for Nashville real estate, and for those who are interesting in buying a home or condo, don’t expect the better properties to last long. Have an automatic notification system to inform you when new properties are listed so that you have a good chance to make an offer when something meets your criteria.
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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 4/10/2020)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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