Nashville Homes and Nashville real estate - 2541 Nashville homes sold in December of 2015 that's an increase of 8% over the same month in 2014. Nashville condo sales were in high demand also with an increase in sales of 41% year over year. The inventory level of Nashville homes is down 8% compared to last December and the absorption rate is down to 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.
- 2541 Nashville homes sold in the month of December compared to 2354 the previous December
- The median sales price of homes sold was $242,945 compared to $213,500 last year, an increase of 13.7%
- 466 Nashville condos sold during the month compared to 329 for the same month last year, an increase of 41%
- the median price of Nashville condos increased 12% to $193,183
- the absorption rate of Nashville condos based on December sales and current inventory is down to a little over one month
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. Find your next home here at the Nashville MLS
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.
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