Nashville Home Prices Down in October

"In October, home prices fell slightly from the month before, with a median listing price of $604,950. The number of listings on the market remained practically unchanged from last month, but it is a bigger decrease than normal for this time of the year in Nashville, and homes are also selling slower than at the same time last year. Home prices in Nashville Typically, home price per square foot in Nashville tend to rise in October."

"Nationally, home price per square foot decreased 0.8%, which means price changes in Music City are smaller the national market. Nashville inventory In October, there were 3,164 homes for sale in Nashville, which was 0.3% less than the month before and 19.5% more than the same time last year. Meanwhile, active inventory across the nation remained practically unchanged from last month to 1,100,001. Time on market Homes in Nashville take an average of 69 days to sell, according to October figures. This is the same as the previous month and six days more than the same month last year. For comparison, nationally homes spent an average of 63 days on the market in October."

In October the median listing price in Nashville was $604,950, with home prices falling slightly month-over-month. Price per square foot in Nashville decreased 0.5% from the prior month, a smaller decline than the national 0.8% decrease. There were 3,164 homes for sale in Nashville in October, down 0.3% from the prior month and up 19.5% from one year earlier. National active inventory remained nearly unchanged at 1,100,001. Homes in Nashville averaged 69 days on the market in October, unchanged from the previous month and six days longer than one year earlier, versus 63 days nationally.

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