Nashville Real Estate - November 2017

By
Real Estate Agent with Benchmark Realty LLc License# 00285925

Nashville real estateNashville real estate for sale -

Home prices in the Nashville area continue to rise with the median price of homes sold in October up to $277,642, an increase of 6.4% over the same period in 2016.

  • the average days on market for homes sold was only 28 days
  • the median price of Nashville homes sold was $277,642 compared to $260,000 the previous October
  • the absorption rate of homes based on October sales and current inventory is only 2 months
  • The median price of Nashville condos increased 11,8% in last to $208,000
  • The absorption rate of condos in Nashville based on October sales and the current inventory is less than 2 months

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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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 (3)

Kristin Johnston - REALTOR®
RE/MAX Realty Center 262-567-2455 - Waukesha, WI
Giving Back With Each Home Sold!

Great information...thanks for sharing and have a wonderful Black Friday!

Nov 24, 2017 05:51 AM
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Thanks Kristin - I have to say that Black Friday is something I rarely participate in. In fact I avoid the mall areas around my office when I can, because it's a constant traffic jam. But I think the retailers are going to have a great year for a change.

Nov 24, 2017 06:08 AM
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good morning Larry Brewer - Benchmark Realty llc 

Thank you for sharing your information with us.

Have a great day 11/24/2017. 

Nov 24, 2017 06:25 AM