Nashville Housing Market – July Report

nashville housing market report

The Greater Nashville real estate market remains consistent with recent trends for sales and prices in July. There were 2,488 closings, compared with 3,349 in July of 2007, which represents a decrease of 25.7%. There have been 15,485 closings so far this year, compared with 21,419 through July of last year, for a decrease of 27.7%.

The median price of a single-family home was $179,995 and for a condominium it was $162,900. Last year prices were $189,900 for a single-family home and $154,000 for a condominium. The single-family home price is down about 5% and the condo price is up about 6%.

The current inventory level is 25,023, compared with 21,861 in July of 2007. New construction is up 5% in the same period contributing to some of the additional inventory.

If you enjoyed this post, you will might also enjoy:
Nashville Real Estate Market Report February 2009
The Healthiest Housing Markets for 2009
Nashville Housing Inventory Declines
November Report: Home Sales For Nashville
“For Sale” Becoming “For Rent”

Nashville Housing Market – July Report

nashville housing market report

The Greater Nashville real estate market remains consistent with recent trends for sales and prices in July. There were 2,488 closings, compared with 3,349 in July of 2007, which represents a decrease of 25.7%. There have been 15,485 closings so far this year, compared with 21,419 through July of last year, for a decrease of 27.7%.

The median price of a single-family home was $179,995 and for a condominium it was $162,900. Last year prices were $189,900 for a single-family home and $154,000 for a condominium. The single-family home price is down about 5% and the condo price is up about 6%.

The current inventory level is 25,023, compared with 21,861 in July of 2007. New construction is up 5% in the same period contributing to some of the additional inventory.

If you enjoyed this post, you will might also enjoy:
Nashville Real Estate Market Report February 2009
The Healthiest Housing Markets for 2009
Nashville Housing Inventory Declines
November Report: Home Sales For Nashville
“For Sale” Becoming “For Rent”

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