Nashville Real Estate Market

The Nashville Real Estate Market has been steadily gaining value over the last few years and is considered to be one of the more stable markets in the USA

Nashville Real Estate Market Stats 2007-12 Close
Page Summary

Nashville Real Estate Market

The Greater Nashville association of Realtors released the sales figures for December 2007. This showed a decline in sales from the previous year but do not show a collapse in the market as seen in other town and cities across the United States.

In the first 1/4 of 2012 sales of homes in nashville have seen a dramatic spike upwards and the realtors on The Ashton Real Estate Group team have seen more and more evidence of a reviving real estate market with lots of examples of multiple ofers on homes that only 6 months ago were stagnant.

Nashville Tennessee has retained it's universal appeal and inquiries regarding homes for sale and property is showing no signs for slowing down. In fact our site receives between 15 and 40 inquiries a day and this is January which is considered the slow season!

December Sales Comparison : 



Closings

Residential
Condominium
Multi-family
Farms/Land/Lots

Dec. 2006


3,109

2,262
585
50
212

Dec. 2007


2,109

1,620
332
25
132

 

4th Sales Comparison:



Closings

Residential
Condominium
Multi-family
Farms/Land/Lots

4th Qt r. 2006


9,307

7,132
1,401
154
620

4th Qtr . 2007


6,856

5,296
1,091
96
373

 

Year-To Date Sales Comparison:



Closings

Residential
Condominium
Multi-family
Farms/Land/Lots

Y-T-D 2006


40,056

31,931
4,949
676
2,500

Y-T-D 2007


34,221

26,955
4,790
449
2,027

Source: Greater Nashville Association of Realtors January 2008

 

Williamson County Statistics

                                                   December 2007

 
Closings
Median Price
Average Price
DOM
Residential
247
385,757
471,523
74
Condominium
58
198,732
217,309
51
December 2006
 
Closings
Median Price
Average Price
DOM
Residential
356
394,900
456,445
53
Condominium
57
190,000
213,643
49
December 2005
 
Closings
Median Price
Average Price
DOM
Residential
450
320,704
414,290
50
Condominium
46
144,950
180,452
31

 

Source: Williamson County Association Of Realtors January 2008

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