Middle Tennessee Real Estate Continues to be a Strong Seller's Market
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Data for the month of July showed 3,001 home closings, according to figures provided by Greater Nashville Realtors®. This figure indicates a 13 percent decrease from the 3,459 closings reported for the same period last year. In July 2019, there were 4,189 closings reported.
“Condo sales continue to be an attractive path to homeownership for buyers, with both sales and median sales price exceeding last year’s historically high numbers,” said Brad Copeland, Greater Nashville Realtors president. “The days on market and 3.5 months of available inventory declining shows signs of a strong seller’s market. This is evident in certain pockets of the region still experiencing multiple offers.”
A comparison of sales by category for July is:
Greater Nashville Realtors®
There were 2,693 sales pending at the end of July, compared to 2,682 pending sales at this time last year. In July 2019, there were 3,483 sales pending. The average number of days on the market for a single-family home in July was 41 days.
The median price for a residential single-family home was $478,945 and for a condominium, it was $350,110. This compares with last year’s median residential and condominium prices of $490,000 and $347,745, respectively. In 2019, the median price for a residential single-family was $316,000 and for a condominium, it was $227,000.
Inventory at the end of July was 9,892. This figure indicates a 10 percent increase from the 8,957 active listings reported for the same period last year. In July 2019, inventory was 11,550.
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:
“Inventory of existing homes is still a major factor with sellers hesitant to let go of sub 4% mortgage rates,” Copeland added. “Despite this, the slight uptick of multi-family sales points to both the ongoing increase in multigenerational buyers as well as investor confidence in the Greater Nashville market.”
About Greater Nashville REALTORS®
Greater Nashville REALTORS® is 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/middle-tennessee-real-estate-continues-to-be-a-strong-seller-s-market/?feed_id=24615&_unique_id=64d216a7ed1d1
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 July showed 3,001 home closings, according to figures provided by Greater Nashville Realtors®. This figure indicates a 13 percent decrease from the 3,459 closings reported for the same period last year. In July 2019, there were 4,189 closings reported.
“Condo sales continue to be an attractive path to homeownership for buyers, with both sales and median sales price exceeding last year’s historically high numbers,” said Brad Copeland, Greater Nashville Realtors president. “The days on market and 3.5 months of available inventory declining shows signs of a strong seller’s market. This is evident in certain pockets of the region still experiencing multiple offers.”
A comparison of sales by category for July is:
“Inventory of existing homes is still a major factor with sellers hesitant to let go of sub 4% mortgage rates,” Copeland added. “Despite this, the slight uptick of multi-family sales points to both the ongoing increase in multigenerational buyers as well as investor confidence in the Greater Nashville market.”
About Greater Nashville REALTORS®
Greater Nashville REALTORS® is 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/middle-tennessee-real-estate-continues-to-be-a-strong-seller-s-market/?feed_id=24615&_unique_id=64d216a7ed1d1
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