Nashville Real Estate Sales For August - With the end of the tax credits, and high unemployment, even low interest rates and attractive home prices couldn't keep a hot real estate market moving in August. It was hot in Nashville, and a lot of the buyers are still waiting for signs of an improving economy. Here are the statistics for Nashville Real Estate sale in August.
Nashville real estate prices didn't follow the trend, with prices actually rising on Nashville homes with the median prices rising 9 percent compared to August of 2009 from $160,000 to $174,500. The median price for Nashville condos fell 4 percent to $141,890.
If you plan to sell your home, you can expect the prices to be fairly stable, unfortunately, it may stay on the market a little long. If you are a buyer, you may be disappointed that prices of Nashville Real Estate are probably not going to fall any farther, so waiting will not help you financially. Interest rates below 5 percent will not last forever, and history teaches us that with the economy get better, mortgage rates go up.
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