As we start the third quarter, home sales prices in Nashville and Davidson County continue to soar. The total number of units sold in July were up 1% while average home sales prices were up 7% from last year. Here are a few of the highlights:
  • There were¬†1,657 home sales recorded for the month averaging $317,400 compared to 1,638 sales recorded in¬†July 2016 averaging $297,242.
  • Median home sale prices were up 6% from last year to $260,000 versus $245,000 last July.
  • Through the first¬†half of 2017 the number of home sales recorded are up 1% and the average home sales price is up 8% from¬†the same period of¬†2016.
  • Antioch (37013)¬†had the most home sales for the¬†month with¬†186 recorded averaging $198,535.
  • Oak Hill¬†(37220)¬†recorded the highest average sales price¬†for the¬†month of $676,327¬†across¬†24 sales.
  • 35% of home sales for the¬†month were between $150,000-$249,999.
  • Home sales over $1 million were¬†up 52% from¬†July 2016¬†with¬†38 recorded¬†compared to¬†25 recorded last year.

In related news, CBS News names Nashville the hottest real estate market in the country for 2017 with Zillow anticipating 4.3% appreciate for the year. That’s a number less than we’ve been seeing in recent years, but a very strong number historically speaking.

Click below for the July 2017 ZIP code stats from around Davidson County:

 

Nashville Real Estate Market Stats PDF Link

Click To Enlarge PDF

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