Increasing Value, Decreasing Supply: Nashville Area Home Sales

Lee

June 2017

Just when we thought the home inventory was at an all time low in Nashville, June posted a 9%+ decrease in supply and a 13% increase in median value for the same period last year.  This is a simple factor of supply and demand, and property value increases are obviously positive in-and-of themselves.  However, entry level inventory is almost non-existent and that is where the greatest segment of demand currently lies.  If you are looking to purchase property in good locations in our area in the sub-$200K price range, be prepared to look fast, decide faster, and compete with other buyers!  Check out more home sale stats in the Greater Nashville area here.