Home Prices Remain Strong as Inventory Continues to Restrict Market
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Data for the month of March showed 3,063 home closings, according to figures provided by Greater Nashville Realtors®. This figure indicates a 19 percent decrease from the 3,805 closings reported for the same period last year. In March 2019, there were 3,237 closings reported.
*Greater Nashville Realtors leadership has made the decision to include 2019 data in their comparisons to provide more context to current market conditions. This is the first home sale release to include this data. For more information on why this change has been made, you can read that here.
Data for the first quarter of 2023 showed 7,051 closings, a 24 percent decrease from the 9,378 closings during the first quarter of 2022. In March 2019, there were 8,047 closings reported during the first quarter.
“Home prices continue to rise in the Greater Nashville area as inventory continues to restrict the market,” said Brad Copeland, Greater Nashville Realtors president.
A comparison of sales by category for March is:from Greater Nashville RealtorsA comparison of sales by category for the first quarter is:from Greater Nashville Realtors
There were 2,954 sales pending at the end of March, compared to 3,415 pending sales at this time last year. In March 2019, there were 3,158 sales pending. The average number of days on the market for a single-family home in March was 54 days.
The median price for a residential single-family home was $465,000 and for a condominium, it was $327,885. This compares with last year’s median residential and condominium prices of $461,620 and $319,690 respectively. In 2019, the median price for a residential single-family was $305,000 and for a condominium, it was $223,000.
There were 8,677 active listings reported for the month of March, according to figures provided by Greater Nashville REALTORS®. This figure indicates a 135 percent increase from the 3,685 active listings reported for the same period last year. In March 2019, inventory was 11,276.
Currently, there are 3.5 months of available inventory in the Greater Nashville region.
The current inventory of properties by category, compared to last year, is:from Greater Nashville Realtors
“Condominium sales are seeing the greatest growth since the median price of those homes coincides with the buying power of the greatest number of home buyers in the Nashville region,” Copeland added. “While prices remain strong, the supply remains anemic compared to the overall demand.”
About Us Greater Nashville REALTORS®: One of Middle Tennessee’s largest professional trade associations and serves as the primary voice for Nashville-area property owners. REALTOR® is a registered trademark that may be used only by real estate professionals who are members of the National Association of Realtors® and subscribe to its strict code of ethics.
The data collected for this release represents nine Middle Tennessee counties: Cheatham, Davidson, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson and Wilson.
https://dicksoncountysource.com/home-prices-remain-strong-as-inventory-continues-to-restrict-market/?feed_id=18482&_unique_id=643141d4cb615
TPAC (Tennessee Performing Arts) is located in downtown Nashville close to the Capital Building.
Nashville is a major market for Broadway touring productions that stop at TPAC along with special engagements of musical guests and other performances.
TPAC is located at 505 Deaderick St, Nashville, TN 37243. If you are looking to grab a bite before a show, here are a few places to try.
The Library
[caption id="attachment_18029" align="aligncenter" width="800"] photo by Donna Vissman[/caption]
623 Union Street, Nashville
The Library is located inside the Sheraton Grand Nashville right off of the lobby. It offers a limited menu of sandwiches and salads for a quick dinner. After the show, you can stop by the Sheraton and visit the 28th floor Skye lounge for a drink of try one of the snacks offered like Nashville caramel popcorn or bbq short rib flatbread.
Deacon’s New South
[caption id="attachment_18030" align="aligncenter...
At 5:45 AM in Dickson County, the current temperature is 41°F with a wind speed of 6.5 mph. There has been no recorded precipitation, and the sky is clear. Looking ahead to today, expect a high of 67.6°F, with winds increasing to a maximum of 8.8 mph. Skies will remain clear, and there is a 0% chance of precipitation throughout the day. Tonight, temperatures will drop to a low of 51.6°F, with win... https://dicksoncountysource.com/10-18-26-clear-skies-and-mild-temperatures-high-near-68-low-around-40/?fsp_sid=48482
MIDDLE TENNESSEE SCHEDULED LANE CLOSURES
March 30 – April 5, 2023
FOR YOUR CLOSE TO HOME TRAFFIC FIND YOUR LOCATION HERE
DAVIDSON COUNTY I-24
The retracing of pavement markings with spray thermoplastic on various Interstate and State
Routes
Nightly, 8 p.m. – 5 a.m., There will be temporary mobile lane closures on I-24 in the EB and WB
directions for restripe operations. There will be two striping crews so work may be done on
multiple routes: MM 40-46, 48-49, 52-53, 57-63.
ROBERTSON COUNTY I-24
Construction and Bridge repair
Continuous, the outside shoulder will be closed in both directions with barrier rail at 4 different
overpassing bridges for bridge repair: SR-49, Jack Teasley Road, Gause Road, SR-256. Both lanes of
travel on I-24 will remain open.
DAVIDSON COUNTY I-40
The repair of bridges on I-40 over Fairfield Avenue (MM 211 - 213)
Nightly, 8 p.m. – 5 a.m., There will be lane closures on I-40 WB to stage barrier rail, repair parapet,
and mill asphalt.
...
Data for the month of March showed 3,063 home closings, according to figures provided by Greater Nashville Realtors®. This figure indicates a 19 percent decrease from the 3,805 closings reported for the same period last year. In March 2019, there were 3,237 closings reported.
*Greater Nashville Realtors leadership has made the decision to include 2019 data in their comparisons to provide more context to current market conditions. This is the first home sale release to include this data. For more information on why this change has been made, you can read that here.
Data for the first quarter of 2023 showed 7,051 closings, a 24 percent decrease from the 9,378 closings during the first quarter of 2022. In March 2019, there were 8,047 closings reported during the first quarter.
“Home prices continue to rise in the Greater Nashville area as inventory continues to restrict the market,” said Brad Copeland, Greater Nashville Realtors president.
A comparison of sales by category for March is:
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