Nashville Homes Sales Increase 16% in May 2015

Nashville Homes sales increased 16% in May of 2015 compared to May of 2014 -

2943 Nashville homes sold in May at an median price of $235,000. That's an increase of 16% over the number of homes sold last May, and an increase in median sales price of 12%.

The inventory level of Nashville homes is down to 9067, 14% lower compared to this time last year, making the absorption rate for Nashville homes only 3 months.

Nashville home buyers need to expect that most good homes get offers the first day on market sometimes with multiple offers. Nashville real estate is in a sellers market.

• 2942 Nashville homes sold in the month of May compared to 2544 last year, an increase of 16% year over year
• The median sales price of homes sold was $235,000 compared to $209,900 last year, an increase of 13%
• inventory of available homes is down 14% to 9067 homes
• the absorption rate based on May sales and current inventory is 3 months, most experts say a month absorption rate is a balanced market

Nashville real estate sales continue to increase as inventory levels continue to decline. The laws of supply and demand will continue to push home prices higher as more people continue to move to the Nashville area.

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For the most-up-to-date information on Nashville real estate prices, then we urge you to contact us. We can assist you with all aspects of buying or selling real property in this and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Nashville homes come on the market or price reductions in Nashville real estate are posted.

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information on this page is based on information on Nashville real estate per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed. This post is the property of Larry Brewer of Benchmark realty representing buyers and sellers of Nashville real estate including the surrounding areas of Franklin, Brentwood, Spring Hill, Murfreesboro, Green Hills, and Belle Meade.  

1. $174,900 : 708 Windsor Trce, Goodlettsville
   
   3 beds, 2 full, 1 part baths

   Home size: 1,875 sq ft

   Lot size: 8,276 sqft

   Year built: 1987

   Listed with The Ashton Real Estate Group of RE/MAX Elite
   

1. $184,900 : 1111 Robertson Rd, Spring Hill
   
   2 beds, 2 full, 1 part baths

   Home size: 1,812 sq ft

   Lot size: 5.15 ac

   Year built: 2008

   Parking spots: 1

   Listed with Crye-Leike, Inc., REALTORS
   
3. $139,000 : 1864 Shaylin Loop, Antioch
   
   2 beds, 2 full, 1 part baths

   Home size: 1,170 sq ft

   Year built: 2007

   Listed with Benchmark Realty, LLC
   

1. $849,000 : 1256 Concord Hunt Dr, Brentwood
   
   5 beds, 4 full, 1 part baths

   Home size: 4,955 sq ft

   Lot size: 42,688 sqft

   Year built: 2002

   Parking spots: 3

   Listed with Keller Williams Realty
   
2. $344,900 : 1950 Kirkwood Dr, Mt. Juliet
   
   4 beds, 2 full, 1 part baths

   Home size: 2,920 sq ft

   Lot size: 20,908 sqft

   Year built: 2013

   Parking spots: 3

   Listed with Keller Williams Realty Mt. Juliet
   
3. $166,000 : 8405 Charbay Cir, Brentwood
   
   3 beds, 2 full, 1 part baths

   Home size: 1,574 sq ft

   Year built: 2007

   Parking spots: 1

   Listed with RE/MAX Elite
   

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(all data current as of 6/14/2015)

Listing information deemed reliable but not guaranteed. Read full disclaimer.