"Typically, home price per square foot in Nashville tend to fall in November. But the most recent data shows that the price per square foot remained practically unchanged compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in Music City are outpacing the national market."
"In November, there were 3,123 homes for sale in Nashville, which was 1.3% less than the month before and 11.8% more than the same time last year. Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266. Homes in Nashville take an average of 71 days to sell, according to November figures. This is two days more than the previous month and three days less than the same month last year."
Nashville's median listing price in November was $600,000, marking a slight month-over-month decline. The number of listings decreased 1.3% from October and inventory totaled 3,123 homes, up 11.8% year-over-year. Price per square foot in Nashville remained practically unchanged month-over-month, while the national price per square foot fell 1.2%, indicating stronger local pricing relative to the U.S. market. Homes in Nashville averaged 71 days on the market, two days longer than the prior month and three days shorter than the same month last year. Nationally, active inventory fell 2.5% to 1,072,266 and average days on market were 64.
#nashville-real-estate #median-listing-price #inventory-levels #price-per-square-foot #days-on-market
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]