How’s The Market?
As temperatures cool down, home sales prices in Nashville and Davidson County continued to heat up.
The total number of units sold in October were up 3% while average home sales prices were up 4% from last year.
There were 1,497 home sales recorded for the month averaging $309,694 compared to 1,460 sales recorded in October 2016 averaging $298,707.
Median home sale prices were up 7% from last year to $251,160 versus $235,000 last October.
Through the first ten months of 2017 the number of home sales recorded are up 1% and the average home sales price is up 9% from the same period of 2016.
Antioch (37013) had the most home sales for the month with 159 recorded averaging $205,552.
Green Hills (37215) recorded the highest average sales price for the month of $742,789 across 58 sales.
36% of home sales for the month were between $150,000-$249,999.
Home sales over $1 million were up 15% from October 2016 with 38 recorded compared to 33 recorded last year.