Nashville Real Estate - July 2020 Update

By
Real Estate Agent with Benchmark Realty LLc License# 00285925

Nashville Real Estate for sale -  Nashville home sales have picked up in spite of fears about the virus with number of closings of homes  increasing 26% over the May of this year and down only 1.5% compared to June of last year. Considering the fact that listing inventory is down 21% compared to last June the number of closing is very impressive.

    • 3478 homes closed during the month of June compared to 2759 in May so sales increased by 26% percent in one month but compared to the same month last year sales of single family homes were down 1.5%
    • 6825 single family homes are currently listed for sale in Nashville compared to 8274 last year, an inventory reduction of 21%
    • the median price of Nashville homes sold was $331,448 compared to $319,990 the previous June an increase of 3.5%
    • the absorption rate of homes based on June sales and current inventory is now down to 2 months

Nashville real estate is in a sellers market with inventory levels still excessively low in most areas.

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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 (2)

Joan Valverde
HomeSmart - Colorado Springs, CO
GRI,CDPE,CNE,MRP,SRES Colo Sprgs, Blk Forest, Monu

Larry, glad to hear that your market is doing well, in spite of all that is going on.  What a beautiful home this is!  Best to you for the remainder of 2020!

Jul 14, 2020 09:24 AM
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Sally

 

Aug 08, 2020 08:45 PM

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