Nashville Homes for sale - Nashville is in a sellers market with an absorption rate of less than 2 months and median prices of single family homes at 12.9% higher than they were just 12 months ago.
- the average days on market for homes sold was only 25 days
- the median price of Nashville homes sold was $293,753 compared to $260,148 the previous June
- the absorption rate of Nashville condos is one month based of June sales and available inventory
- the median sales price of Nashville condos increased 10.3% to $199,350
- 418 Nashville condos sold during the month of June compared to 470 last year and only 507 are currently available for purchase
Nashville real estate is in a very active sellers market with inventory levels shrinking on a monthly basis, driving up the prices of homes and condos to record prices. With the shortage of available lots and the growth in the area, I expect this trend to continue for several years.
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