Nashville 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.

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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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(all data current as of 12/8/2022)

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

Nashville 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

See all nashville.
(all data current as of 12/8/2022)

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

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

See all nashville.
(all data current as of 12/8/2022)

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