Nashville Housing Market Update: April 2019

Posted by Prentiss Holt on Saturday, May 11th, 2019 at 12:47pm.

Nashville-area housing data for April has been released by the Greater Nashville Realtors, and it was a pretty good month to say the least. Overall home sales jumped 1.8%, which was welcoming to read coming off one of the slower months we’ve seen in quite sometime in March. 

According to the numbers, last month saw 3,479 closings in all, which represents a new record for the month of April. 

Both single-family homes and condos saw a slight uptick in median sold price last month as single-family homes went from $295,000 in April of 2018 to $306,970 last month, and condos from $222,750 to $229,900.  

Inventory is also up quote a bit, which should be a welcome sign for buyers. At the end of April, 11,762 homes, condos, and lots sat on the market, which is up from 8,876 from the end of April last year. 

More sales were also pending at the close of the month compared to last year as well, up from 3,430 pending sales last year around this time to 3,833 this year.

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