Bradford Hills 2011 Market Report
For Nashville TN Home Sales, 2011 was the first year since 2006 that actually showed an increase in the number of homes sold over the number of the prior year. The increase for the year was only 1.8% but the final quarter of 2011 was up almost 18% compared to the final quarter of 2010.
Year | # Transactions | List Price | Sales Price | DOM |
2010 | 21 | $197,464 | $191,234 | 98 |
2011 | 18 | $192,153 | $185,916 | 81 |
% Change | -14% | -3% | -3% | -17% |
Bradford Hills showed a modest decline in the number of sales in 2011 compared with those of 2010. Prices also adjusted downward 3% for the year somewhat less than the area average.
There are currently 2 homes pending and 6 active listings in Bradford Hills. Based on the prior 12 months, inventory is low with only a 4 month supply. Inventory is down in all of the middle Tennessee area but there is still a 9 to 10 month supply overall.
Even with the slight decrease in price, Bradford Hills is in a good position to have a strong 2012.
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