November Housing Market Update
Home sales hit 3,694 closings for November, according to data provided by Greater Nashville REALTORS®. This figure is up 14 percent from the 3,232 closings reported for the same period last year.
Additionally, the data showed a total of 3,119 pending sales at the end of November, compared to 2,801 pending sales at this time last year. The average number of days on the market for a single-family home was 24 days.
The median price for a residential single-family home was $350,000 and for a condominium, it was $244,990. This compares with last year’s median residential and condominium prices of $322,500 and $242,900 respectively.
Inventory at the end of November was 6,200 down from 10,841 in November 2019.
More and more people are moving to Nashville each and every day. If you are moving in the near future, give Smooth Moving and Storage a chance to help make your move as simple as possible.