"In June, home prices fell slightly from the month before, with a median listing price of $608,450. The number of listings on the market grew 5.4%, which is a smaller increase than normal for this time of the year in Nashville, and homes are also selling slower than at the same time last year. Typically, home price per square foot in Nashville tend to rise in June."
"But the most recent data shows that the price per square foot decreased by 0.9% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.4%, which means price changes in Music City are lagging behind the national market. In June, there were 3,171 homes for sale in Nashville, which was 5.4% more than the month before and 32.3% more than the same time last year."
Home prices in Nashville fell slightly in June, with a median listing price of $608,450. Listings on the market increased 5.4% month-over-month and inventory was 32.3% higher than the same time last year, totaling 3,171 homes for sale. Price per square foot in Nashville decreased 0.9% from the prior month while the national price per square foot decreased 0.4%, indicating Nashville lagged the national market. Homes in Nashville averaged 59 days on market in June, three days more than the previous month and 20 days more than the same month last year. Nationally, the average was 53 days.
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