Belle Meade Area Real Estate Market Update – Q2 2024
Nashville, TN / USA - July 15, 2024 at 6:00am (last modified July 15, 2024 at 6:00am ) by John Sullivan, member of International Association of Press Photographers, and Photos by Create615.com Belle Meade, renowned for its historic estates and lush landscapes, continues to be a prime real estate location. This area, with its grand homes and proximity to cultural landmarks, attracts discerning buyers seeking luxury and tranquility. Key Metrics at a Glance: Metric June 2023 June 2024 Year-over-Year Change New Listings 59 30 49% Decrease New Under Contract 41 26 37% Decrease Active Inventory (Avg) 90 95 6% Increase Under Contract Inventory (Avg) 43 38 12% Decrease Total Inventory 133 132 0% Decrease Closings 35 32 9% Decrease Sale Price (Avg) $1,874,469 $1,604,688 14% Decrease Sale Price (Med) $1,350,000 $1,262,500 6% Decrease Avg DOM (Closed) 16 27 71% Increase Avg List Price (Active) $2,429,773 $2,385,404 2% Decrease List to...
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