September Market Update: Nashville
The month of September has come to an end! School is back in full swing and Fall is officially upon us. As we move into October and the fall season, let’s take a moment to recap the month of September. We have provided a market update of the September Nashville real estate market for you. Knowing these trends can ensure you can make well-informed decisions and stay in the know!
The Hard Facts
- The current median price list price has increased by 2% from this time last month, residing currently at 376k
- The supply of available homes is down by 19% from this time last month, with inventory at 5,439 listings
- A home’s average days on market has increased from this time last year by 28% and currently resides at 36 days on the market
What Does This Mean For You?
Sellers, if you’re open to moving during the school year, now is a great time to sell! The average list price of the Nashville real estate market is increasing, take advantage and maximize your return on investment. Additionally with lower inventory available, now is a great time to list to meet buyer demand.
Buyers, the decrease in inventory is simply indicative of the fall season. With days on market on the rise, you have plenty of time to pursue the house that’s right for you. Get out there and find your dream home!
Does this market update have you 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.