12 South Real Estate Market Report Realtor

12 South Real Estate Market Update - December 2023
Nashville, TN / USA - (last modified February 23, 2024 at 6:00am )

December 2023 in 12 South, a Nashville neighborhood celebrated for its quaint bungalows, artisanal shops, and locally-owned restaurants, mirrored the unique lifestyle it offers. The real estate market in this area reflected the strong community spirit and the harmonious blend of urban convenience with suburban charm.

Key Metrics at a Glance:

Metric December 2023 Month-over-Month Change Year-over-Year Change
New Listings 16 43% Increase 60% Increase
New Under Contract 9 50% Increase 13% Increase
Active Inventory (Avg) 67 6% Increase 42% Increase
Under Contract Inventory (Avg) 18 32% Increase 77% Increase
Total Inventory 85 13% Increase 48% Increase
Closings 21 50% Increase 200% Increase
Sale Price (Avg) $1,163,329 18% Increase 16% Increase
Sale Price (Med) $1,056,000 4% Increase 7% Increase
Avg DOM (Closed) 33 Days 5% Increase 4% Increase
Avg List Price (Active) $1,788,554 3% Increase 1% Increase
List to Contract (Avg) 58 Days 29% Increase 23% Increase
Contract to Closed (Avg) 38 Days 6% Increase 36% Increase
List to Closed (Avg) 87 Days 9% Increase 12% Increase
Months of Supply 3.84 41% Increase 52% Increase

Days on Market Dynamics

The days on market for closed properties saw a modest increase, suggesting a balanced pace in the market, characteristic of the well-established 12 South neighborhood.

Inventory Insights

The total inventory saw a healthy increase, reflecting a vibrant market in 12 South, with buyers showing keen interest in this culturally rich and community-focused area.

Price Trajectory

The average sale price continued to rise, emphasizing the premium value of homes in this sought-after neighborhood, known for...the area's blend of historic charm and modern amenities. 12 South continues to captivate both residents and investors, offering a unique lifestyle in the heart of Nashville.

The 12 South neighborhood, with its delightful mix of local boutiques, renowned eateries, and community-focused atmosphere, remains a top choice for those seeking a vibrant, yet cozy urban living experience in Nashville.

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