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Tennhouses

Nashville Real Estate

Larry Brewer

Office 615-371-1544 - Mobile 615-512-7853

Nashville Real Estate For Sale – April 2023 Market Update

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Nashville real estate for sale and April 2023 market report – NashvilleInventory levels are almost triple what they were 12 months ago but the prices are almost the same as they were last March.

  • 2392 homes sold in Nashville during March of 2023 compared to 2948 for the same month last year a reduction of 23%
  • the median sales price for Nashville homes was $465,000 almost the same as last years $461,620
  • 6066 homes are available for purchase at the end of at end of March compared to 2298 last year
  • the absorption rate based on March home sales and available inventory is three months
  • the average days on market for Nashville homes is now 54 days compared to 15 days last year
  • 494 Nashville condos sold during the month compared to 598 for the same month last year
  • the median sales price of Nashville condos was $327,885 compared to $319,690 last year

High interest rates has slowed the Nashville real estate market over the last 12 months however mortgage rates have been slowly coming down in the last few months and some experts expect that to continue. Housing prices has stopped increasing for now and buyers usually have a chance to see homes when they are listed before they make an offer, that was not always the case a year ago. If rates continue to decline we can expect the volume of home sales to pick up and eventually prices will follow.

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information on this page is based on information on Nashville real estate per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed. This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area

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Nashville Real Estate – December 2022 Update

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Nashville HomeNashville real estate for sale and November 2022 market report – The number of single family homes sold in the Nashville area declined by 37% compared to the same month last year, however the prices of homes sold still averages 8% more than they did 12 months ago.

  • 1992 homes sold in Nashville during November of 2022 compared to 3182 for the same month last year a reduction of 37%
  • the median sales price for Nashville homes was $460,000 up from $425,000 last year, an increase of 8%
  • 7002 homes are available for purchase at the end of at end of November compared to 3019 last year, more than double
  • the absorption rate based on November home sales and available inventory is three months
  • the average days on market for Nashville homes is now 41 days
  • 332 Nashville condos sold during the month compared to 599 for the same month last year
  • the median sales price of Nashville condos was $345,000 compared to $298,000 last year

Most experts believe that prices will flatten if interest rates remain elevated compared to the last 10 years, we can only make assumptions based on past history and what the Federal Reserve bank is forecasting. Homes are staying on the market longer and buyers have a better opportunity to find a home they love instead of trying to buy a home that has 10 bids on it already. If you are moving here from out of state, it’s a lot better time to buy than it was last year or even in the spring of this year because we have a much better selection of homes.

Search for Nashville Real estate here

information on this page is based on information on Nashville real estate per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed. This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area

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Nashville Homes for Sale – August 2022 Update

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Nashville HomeNashville homes for sale and August 2022 market report – Sales of single family homes are slowing and inventory levels are increasing.

  • 2806 homes sold in Nashville during August of 2022 compared to 3479 for the same month last year
  • the median sales price for Nashville homes was $475,000 up from $415,000 last year, an increase of 14%
  • 6687 homes are available for purchase at the end of at end of August compared to 3321 last year
  • the absorption rate based on August home sales is two months
  • 518 Nashville condos sold during the month compared to 550 for the same month last year
  • the median sales price of Nashville condos was $349,595 compared to $290,000 last year

Most experts believe that prices will flatten if interest rates remain elevated compared to the last 10 years, we can only make assumptions based on past history and what the Federal Reserve bank is forecasting.

Search for Nashville Real estate here

information on this page is based on information on Nashville real estate per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed. This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area

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Nashville Real Estate – June 2022

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Nashville Real Estate for sale and May market statistics – Home sales are fairly flat compared to last year sales prices were up 25% and the inventory levels are up considerably.

  • 3209 homes sold in Nashville during May of 2022 compared to 3214 for the same month last year
  • the median sales price for Nashville homes was $$498,785 up from $$400,000 last year, an increase of 24.6%
  • 4114 homes are available for purchase at the end of May an increase of 60% compared to the same period last year
  • the absorption rate based on May home sales is still impressive at a little over one month
  • 558 Nashville condos sold during the month compared to 586 for the same month last year
  • the median sales price of Nashville condos was $340,506 compared to 277,900 last year, an increase of 22.9%

Most experts believe that prices will not continue to rise as quickly as the past few years due to the impact of rising interest rates, and inventory levels are rising a sure sign that the market is slowing.

Search for Nashville Real estate here

information on this page is based on information on Nashville real estate per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed. This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area

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Nashville Homes for Sale – May 2022

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Nashville homes for sale and May 2022 market report – Home sales on declining and prices are rising, that’s the message at this time. How long that can continue is only a guess, but the rapid rise in interest rates is starting to impact sales, so don’t be surprised is the prices start to moderate. Here are a few of the highlights for Nashville area homes

  • 3095 homes sold in Nashville during April of 2022 compared to 3233 for the same month last year
  • the median sales price for Nashville homes was $$480,000 up from $$385,000 last year, an increase of 24.6%
  • 2787 homes are available for purchase at the end of April
  • the absorption rate based on April home sales is less than one month
  • 512 Nashville condos sold during the month compared to 570 for the same month last year
  • the median sales price of Nashville condos was $337,628 compared to $264,525 last year, an increase of 27.6%

Most experts believe that prices will not continue to rise as quickly as the past few years due to the impact of rising interest rates, however we still have a housing shortage here in the Nashville so the demand will stay elevated for the near future.

Search for Nashville Real estate here

information on this page is based on information on Nashville real estate per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed. This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area

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Nashville Homes for Sale – February 2022

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Nashville HomeNashville homes for sale and February 2022 market report – Nashville is having a serious shortage of homes for sale that’s been going on since the first virus lock down. The inventory of available homes is down 47% compared to the same month in 2020.

Here are a few of the highlights for Nashville area homes

  • 2061 homes sold in Nashville during January of 2022 compared to 2197  last year
  • the median sales price for homes was $425,000 up from $344,920 last year, an increase of 23%
  • the absorption rate based on January home sales is less than 2 months
  • 405 Nashville condos sold during the month compared to 346 for the same month last year, an increase of 17%
  • the median sales price of condos was $308,000 an increase of 24.3% year over year

 

Search for Nashville Real estate here

information on this page is based on information on Nashville real estate per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed. This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area

We're sorry, but there’s nothing to display here; MLS data service is not activated for this account.

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