Nashville homes for sale and February 2023 market report – Inventory levels are almost triple what they were 12 months ago but the prices are almost the same as they were last February.
- 1742 homes sold in Nashville during February of 2023 compared to 2300 for the same month last year a reduction of 32%
- the median sales price for Nashville homes was $450,000 almost the same as last years $446,175
- 5827 homes are available for purchase at the end of at end of February compared to 2001 last year an increase of 191%
- the absorption rate based on February home sales and available inventory is three months
- the average days on market for Nashville homes is now 59 days
- 319 Nashville condos sold during the month compared to 400 for the same month last year
- the median sales price of Nashville condos was $331,900 compared to $329,827 last year
As expected the Federal reserve has made a large impact on the housing market and mortgage rates have at times been over 7% lately taking the affordability of Nashville homes for some people out of reach for now. On the other hand buyers now are a lot less likely to get in a bidding war when most homes come on the market. If you can afford it, buying a home now makes a lot of sense because the prices are possibly bottoming out, and rates are probably topping out. You should be able to refinance in the future for a much lower rate and have the home you wanted at a reasonable price. Of course the Federal reserve may decide otherwise, but historical it’s been a good plan. Let me know if you would like to purchase or sell and Nashville real estate.
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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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Lot Size5,228 sqft
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Home Size1,116 sqft
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Beds2 Beds
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Baths2 Baths
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Year Built1985
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Lot Size10,890 sqft
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Home Size2,080 sqft
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Beds3 Beds
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Baths3 Baths
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Year Built2023
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Lot Size14,811 sqft
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Home Size2,348 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built2016
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Lot Size8,712 sqft
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Home Size4,891 sqft
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Beds6 Beds
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Baths6 Baths
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Year Built2021
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Lot Size14,375 sqft
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Home Size1,080 sqft
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Beds2 Beds
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Baths1 Bath
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Year Built1975
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Lot Size1.13 ac
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Home Size3,028 sqft
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Beds3 Beds
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Baths3 Baths
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Year Built1963
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Lot Size8,277 sqft
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Home Size2,442 sqft
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Beds5 Beds
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Baths3 Baths
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Year Built2021
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Lot Size6,970 sqft
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Home Size1,681 sqft
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Beds2 Beds
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Baths2 Baths
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Year Built2011
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Lot Size15,682 sqft
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Home Size1,408 sqft
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Beds4 Beds
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Baths2 Baths
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Year Built1954
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Lot Size7,406 sqft
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Home Size1,504 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built2002
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(all data current as of
3/21/2023)
Listing information deemed reliable but not guaranteed. Read full disclaimer.