Nashville Real Estate Report October 2015

Press This!Closings of Nashville homes increased of 11% year over year in September 2015. The median price of Nashville homes sold increased by 12% to $236,866 according the Greater Nashville association of Realtors. During the same 12 month period, inventory levels of single family homes decreased 12% to 8729 available homes, making the absorption rate a very low 3 months.

• 2839 Nashville homes sold during the month of September 2015 compared to 2541 the previous September
• Median sales prices of homes sold during the month were up 12% to $236,866
• average days on market for Nashville homes was down to 56 days compared to 68 days last year
• 8729 single family homes are currently listed in the Nashville MLS as available for purchase compared to 9924 12 months ago

Nashville homes are still in a sellers market with most new homes under contract before they are finished, and many resale homes getting multiple offers the first week on market. The Nashville real estate market is changing at a rapid pace, make sure you have a real estate professional on your side to insure they you get the best deal possible when buying or selling a home in the Nashville area.

The most popular neighborhoods in and around Nashville based on September closings are as follows

• Providence with 33 closings, this does not include the Del Webb section
• Green Hills with 16 closings, it seems low to me, but some Green Hills homes are listed as smaller communities
• Lochaven with 16 closings - a new community of Beazer homes close to Brentwood
• Inglewood with 15 closings
• Crieve Hall with 15 closings
• Westhaven with 14 closings
• East Nashville with 14 closings - it's hard to classify this as a neighborhood but what else would you call it
• Crieve Hall with 13 sales - a very convenient location near I-65 north of Brentwood
• Lockeland Springs with 13 closings - located in a very hot area of east Nashville

If you would like to buy or sell a home in the Nashville area, give me a call at 615-512-7853 or search for homes using the best Nashville MLS search available