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What's the Nashville Real Estate Market Doing

By
Real Estate Agent with Benchmark Realty LLc License# 00285925

The Nashville Real Estate Market is Still Hot - Home sales continue to increase inventory continues to shrink and as you would expect, prices continue to rise.

    • 2152 homes closed during the month of January compared to 1888 for the same month last year an increase of 14%
    • 6588 single family homes are currently listed for sale in Nashville compared to 7702 last year, an inventory reduction of 17%
    • the median price of Nashville homes sold was $305,000 compared to $293,650 the previous January an increase of 4%
    • the absorption rate of homes based on January sales and current inventory is still only 3 months

Nashville real estate is in a very active sellers market with inventory levels still excessively low in most areas.

 

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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 Davidson county 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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Comments(2)

Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Larry Brewer - Benchmark Realty llc an absorption rate of 3 is not far off from a level market.... that sounds like a market that's in the right direction for strengthening.... and the only agent to call to list or to buy a home would be Larry Brewer.... call him for conversation and you'll understand why I made that suggestion.

Feb 18, 2020 08:13 AM
Larry Brewer - Benchmark Realty llc

Hi Barbara, this is not normal for Nashville in January, we tend to put real estate purchases on hold until the weather gets a little better. Expecting a great year.

Feb 18, 2020 11:07 AM
The Woodland Companies of Alaska
Woodland Management Service - Wasilla, AK
Alaska Forest Land Experts!

Thanks for the update on this community, all the best to you as you get many of these properties listed and sold.

Tracy

 

Feb 20, 2020 01:36 AM