Nashville TN Oak Hall, 12 South and Lipscomb area home sales have increased this year in both volume and median price! When considering single family home sales between January and November, the median sale price is up 10.2% from 2012 to 2013! The median sale price for 2013 surpassed the median sale prices for the past 7 years! This doesn’t necessarily mean that every home is worth more than previous years but the local market as a whole has greatly improved and is moving out of the down market we’ve experienced the past several years. Similarly, the sales volume for 2013 has surpassed the volume of 2006. Also, the median Days on Market has dropped and 12 South & Lipscomb area homes are selling faster than they have in 5 years!
Please note that real estate market conditions vary based on the specific location, condition and price point. Ultimately, buyers are looking for value. If a home is well presented and priced according to market, it will sell. Everyone wants to get a good deal on the home they purchase. Please give me a call at 615-260-5858 for more specific information regarding the area where you plan to sell or buy! Visit my Real Estate Statistics Page at www.TiffanyWhite.com to see market reports for other Middle TN cities.
The charts were created based on closed homes sales in MLS. Below are the detailed yearly numbers from the Greater Nashville MLS. Feel free to contact me if you have questions about this information.