Nashville Real Estate Market Update – December 2023
Nashville, TN / USA - January 8, 2024 at 6:00am (last modified January 8, 2024 at 6:00am ) by John Sullivan, member of International Association of Press Photographers, and Photos by Create615.com As the year wraps up, the Nashville real estate market showcases intriguing trends. Particularly noteworthy are the days on market, total inventory, and pricing dynamics. Key Metrics at a Glance: Metric December 2023 Month-over-Month Change Year-over-Year Change New Listings 423 33% Increase 5% Increase New Under Contract 368 9% Increase 29% Increase Active Inventory (Average) 1,481 8% Increase 24% Increase Under Contract Inventory (Average) 600 8% Increase 5% Increase Total Inventory 2,082 8% Increase 14% Increase Closings 411 9% Increase 16% Increase Sale Price (Average) $830,068 4% Increase 16% Increase Sale Price (Median) $570,000 1% Increase 9% Increase Average DOM (Closed) 32 Days 25% Increase 28% Increase Average List Price (Active) $1,041,247 4% Increase 2% Increase List to Contract...
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