Here's what the numbers show for our market.
Today I'll be giving you a quick update on our current real estate market.
The Nashville market has been great for the last few years, and the numbers in December are no different. We're still in a seller's market, but the average number of days on market has increased. Sellers have also been having to make price reductions on homes to get them sold.
We have some big companies opening new locations in Nashville soon, which means new buyers will be driven to our market.
Our latest numbers show 1,500 homes sold last month at an average price of $349,305. This is a 13% price increase from last year, where 1,490 homes were sold at an average of $309,694. 25% of homes sold were between $150,000 and $250,000. In the luxury market of homes priced over $1 million, sales have gone up 42% from last year.
If you have any other questions or need more information, feel free to reach out to me. I look forward to hearing from you.