Nashville real estate for sale – Nashville homes and condos are in a sellers market right now with a shortage of inventory and high demand. Prices will continue to rise until the market reaches a better balance of buyers to seller, don’t expect that to happen soon.. Home prices in the Nashville area continue to rise with the median price of homes sold in October up to $277,642, an increase of 6.4% over the same period in 2016. The market for Nashville condos is even hotter, the median price of condos increased 11.8% in last 12 months to $208,000. It sounds like a broken record, but sales are still being held back by a shortage of inventory in many areas and price ranges.
- the average days on market for homes sold was only 28 days
- the median price of Nashville homes sold was $277,642 compared to $260,000 the previous October
- the absorption rate of homes based on October sales and current inventory is only 2 months
- The median price of Nashville condos increased 11,8% in last to $208,000
- The absorption rate of condos in Nashville based on October sales and the current inventory is less than 2 months
Nashville real estate is in a very active sellers market with inventory levels shrinking on a monthly basis, driving up the prices of homes and condos to record prices. With the shortage of available lots and the growth in the area, I expect this trend to continue for several years.
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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. 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 2/23/2020)
Listing information deemed reliable but not guaranteed. Read full disclaimer.