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Nashville Homes November 2014
Nashville HomeNashville Homes for Sale and November 2014 market report. Sales of Nashville homes increased 22% during the month of October compared to October of 2013 and sales of Nashville condos increased 18 percent during the same period. The median price of Nashville homes increased 3% during the last 12 months to $205,900. Inventory levels continue to decline and the absorption rate of Nashville homes is down to less than 4 months.
  • 2485 Nashville homes closing during the month of October 2014 compared to 2032 last year
  • the average days on market for homes sold was 68 days
  • inventory levels of Nashville homes are down 3 percent compared to last year
  • 332 Nashville condos sold during the month compared to 281 the same month last year
  • the absorption rate of Nashville condos is down to 3 months

Overall the Nashville real estate market is still very active with prices increasing and inventory levels remaining at a fairly low-level with an absorption rate of Nashville homes at 4 months, and Nashville condos at 3 months. Nashville real estate remains in a seller's market.

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For the most-up-to-date information on Nashville real estate values, 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 MLS listings come on the market or price reductions in Nashville real estate are posted. Benchmark realty can assist buyers in all forms of Nashville relocation needs including new construction houses, condos, townhouses, for sale by owner homes, residential lots, townhouses, lofts, and new homes in various subdivisions across the Nashville Metro region. If you are interested in foreclosure homes including pre-foreclosures, short sales, REO properties, bank owned properties and other types of foreclosure properties, then we can assist you. information on this page is based on information on real estate for sale in Nashville per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed.

This post is the intellectual property of Larry Brewer of Benchmark realty and cannot be used without written consent    

Published Friday, November 07, 2014 7:19 AM by larry Brewer

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