I wanted to give you a quick update for the real estate market stats from June in Davidson County.
Home sales were actually down in Davidson County last month, and I honestly can’t say the last time I’ve said that. Last month, there was a 3% drop from 1,945 sales across the county compared to 2,007 last June. However, home values are still up year over year; 12% to be exact. The average sale price for a home was $304,000 compared to $272,000 last year. As far as I know, it’s the first time Davidson County has ever bested a $300,000 average price point.
Pace of sales is still up for the whole year – we’ve had about 5% more sales this year, and prices on average are still up about 9% for the year. Antioch, our largest zip code, had the most sales as usual, with 224 sales with an average sale price of $179,000. Belle Meade reclaimed the top spot with an average sale price of $683,000 and 86 total sales.
The largest home was sold in the Green Hills zip code, a massive 9,000 square feet property that went for $3 million! Home sales over that million-dollar mark were up 2% this month, and 39 were recorded in Davidson County.
All in all, the numbers show that we have a little bit of a summer lull, but I haven’t felt that in my business. It doesn’t seem any slower in Davidson County. If you have any questions, feel free to email me or give me a call. Thanks for stopping by the blog – I hope to speak with you soon!