June 2016

Found 1 blog entry for June 2016.

Nashville Real Estate Market TrendsThe Greater Nashville Association of Realtors has released the latest numbers relating to the Nashville real estate market, which show median home prices in the area are up a whopping 10% from this time last year. At last check, single-family homes are now commanding a median home price of $258,900, which as mentioned is up 10% from May 2015. The spike in prices undoubtedly relates to a tightening inventory, which continues to be less than a three month supply. For reference, a more stabilized market tends to have close to a six month supply.

Nashville certainly isn’t the only market with low inventory, though, as a dwindling housing supply seems to be a national trend that is affecting most major markets. According to reports, inventory levels were down

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