"Nashville's housing market recorded 7,277 active listings during the week ending Nov. 29, with 39.1% of sellers reducing prices as the metro's inventory climbed to a 3.4-month supply. The median list price held at $594,900 while price per square foot reached $260.8. The Music City market absorbed 663 homes during the week against 354 new listings entering the market. Properties spent a median 84 days on market, matching Tennessee's statewide pace but exceeding the national median of 77 days."
"At $594,900, Nashville's median list price commanded a 36.8% premium over Tennessee's $434,900 median. The metro's $260.8 price per square foot exceeded the state's $220.7 by 18.1% and surpassed the national $209.9 by 24.2%. Price adjustments dominated seller strategy, with 39.1% of active listings showing reductions while only 2.2% increased prices. This 18-to-1 ratio of cuts to increases marked aggressive seller repositioning."
Nashville recorded 7,277 active listings and a 3.4-month supply during the week ending Nov. 29. Thirty-nine point one percent of sellers reduced asking prices while only 2.2% increased prices, producing an 18-to-1 ratio of cuts to hikes. The median list price remained $594,900 and price per square foot reached $260.8. The market absorbed 663 homes versus 354 new listings, with a median 84 days on market, matching Tennessee but above the national median of 77 days. Nearly 24.4% of listings were relisted after prior exposure, indicating ongoing listing churn and active seller repositioning.
Read at www.housingwire.com
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