June Market Update: Nashville
Mark Spain Real Estate has summarized the key trends of Nashville’s June real estate market for you. As the month of June comes to a close, we’ve seen Summer officially kick into gear! With warm weather in full swing, the Summer real estate market is already upon us. While we’re excited for the arrival of July, let’s not forget to recap the changes seen in June! Knowing these facts can ensure you can make well-informed decisions and stay in the know!
The Hard Facts: Nashville Market Update
- The current median sold price of a home is up by 4.7% from this time last year, growing from $258k to $270k
- The supply of available homes is also up by 4.5% from this time last year, a move from 21,211 to 22,166 homes
- A home’s average days on market is down by 9% from last month, with a slight drop from 37 to 33 days
What Does This Mean For You?
The summer market is upon us! We’re living in what experts are calling the “Bargain Belt” – the Southeast is showing some dynamic growth, but the cost of living is still relatively low. Industries continue to relocate to Nashville, which brings a natural influx of homebuyers, and this trend shows no sign of slowing down anytime soon. We’re also seeing signs of a natural summer market. Kids are out of school, which explains the increase of available homes.
For buyers, don’t miss out on this time to purchase your next dream home while interest rates are still low! And with an increase in inventory, there are more options available to you in your search for the perfect home. So start searching today!
For sellers, the average days on market is lower than last month. Timing is everything, so now is the perfect time to get your home listed on the Nashville market before the bustling Summer season comes to a close!
Guaranteed Offer Program-
Mark Spain Real Estate strives to deliver an unparalleled client experience. We provide a Guaranteed Offer Program for our sellers who are in need of a fast sale and do not want to compromise on the sale price. With the Guaranteed Offer Program, we offer a competitive cash offer and enable you to close within 21 days!
You are able to bypass the market with no showings or open houses. At Mark Spain Real Estate, we want to alleviate all of the stresses that come with selling a home, we want you to enjoy the process as much as possible. You will be able to move on to the next chapter of your life with ease!
No matter what chapter of life you’re in, if you are looking to sell or buy a home, make sure you are represented by a professional, full-time agent with years of experience under their belt.
Thinking about moving? Navigating the real estate market can be difficult, and you don’t want to do it alone. At Mark Spain Real Estate, we are here to help! Contact us today to get a head start.
Mark Spain Real Estate is actively searching for new and dedicated individuals who are yearning to learn and grow daily and sell real estate in this ever-growing industry in Nashville! If you lead with a servant’s heart and want to be apart of this Mark Spain family, contact us today!