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Nashville Market Updates

February 9, 2024
Buying a Home, Nashville Market Updates, Real Estate News, Selling Your Home

East Nashville Real Estate Market Update – December 2023

Nashville, TN / USA - February 9, 2024 at 6:00am (last modified February 9, 2024 at 6:00am ) by John Sullivan, member of International Association of Press Photographers, and Photos by Create615.com In December 2023, East Nashville's real estate market mirrored the neighborhood's eclectic and vibrant character. Here's a breakdown of the key metrics and insights: Key Metrics at a Glance: Metric December 2023 Month-over-Month Change Year-over-Year Change New Listings 35 5% Increase 44% Increase New Under Contract 30 15% Increase 27% Increase Active Inventory (Avg) 102 15% Increase 22% Increase Under Contract Inventory (Avg) 31 9% Increase 11% Increase Total Inventory 133 14% Increase 12% Increase Closings 22 4% Increase 41% Increase Sale Price (Avg) $725,133 4% Increase 2% Increase Sale Price (Med) $717,500 2% Increase 4% Increase Avg DOM (Closed) 45 Days 32% Increase 31% Increase Avg List Price (Active) $829,122 3% Increase 6% Increase List to Contract (Avg) 65...

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by Nashville Realtor Team
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February 5, 2024
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Germantown Nashville Real Estate Market Update – December 2023

Nashville, TN / USA - February 5, 2024 at 6:00am (last modified February 5, 2024 at 6:00am ) by John Sullivan, member of International Association of Press Photographers, and Photos by Create615.com   In December 2023, historic Germantown, Nashville's real estate market depicted distinct trends, capturing the essence of this neighborhood known for its rich history and contemporary appeal. Here's a detailed analysis of the key metrics: Key Metrics at a Glance: Metric December 2023 Month-over-Month Change Year-over-Year Change New Listings 32 27% Increase 88% Increase New Under Contract 20 67% Increase 43% Increase Active Inventory (Avg) 126 No Change 49% Increase Under Contract Inventory (Avg) 25 20% Increase 9% Increase Total Inventory 151 2% Increase 35% Increase Closings 14 26% Increase 7% Increase Sale Price (Avg) $546,836 10% Increase 16% Increase Sale Price (Med) $522,450 10% Increase 16% Increase Avg DOM (Closed) 48 Days 56%...

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by Nashville Realtor Team
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February 2, 2024
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The Gulch Real Estate Market Update – December 2023

Nashville, TN / USA - February 2, 2024 at 6:00am (last modified February 2, 2024 at 6:00am ) by John Sullivan, member of International Association of Press Photographers, and Photos by Create615.com In December 2023, the real estate market in The Gulch, one of Nashville's most dynamic neighborhoods, showcased its unique character. Known for its perfect blend of upscale living, vibrant nightlife, and trendy shopping, The Gulch is where the heart of Nashville beats. This area's real estate market reflects its popularity and the lifestyle it offers. Key Metrics at a Glance: Metric December 2023 Month-over-Month Change Year-over-Year Change New Listings 26 35% Increase 32% Increase New Under Contract 20 26% Increase 0% Change Active Inventory (Avg) 123 15% Increase 46% Increase Under...

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by Nashville Realtor Team
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January 8, 2024
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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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by Nashville Realtor Team
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December 18, 2023
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Why West End Nashville Real Estate is a Hot Spot for Homebuyers: Insights and Analysis

Nashville, TN / USA - December 18, 2023 at 6:00am (last modified December 18, 2023 at 6:00am ) by John Sullivan, member of International Association of Press Photographers, and Photos by Create615.com Nashville, Tennessee, is rapidly becoming one of the hottest places to live in the United States. The city's vibrant culture, booming economy, and welcoming community make it an attractive destination for homebuyers and real estate investors alike. However, one particular area in Nashville stands out as a top spot for those looking to purchase a new home: West End. This bustling neighborhood is home to some of the city's most sought-after properties, and...

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by Nashville Realtor Team
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November 27, 2023
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Foreclosure.com Interview with John Sullivan about the Nashville Market

Nashville, TN / USA - November 27, 2023 at 6:00am (last modified November 27, 2023 at 6:00am ) by John Sullivan, member of International Association of Press Photographers, and Photos by Create615.com We are proud to present this interview by Foreclosure.com's Tim Jones of John Sullivan of the Nashville Realtor Team. See John's expert analysis of the real estate Market trends in Nashville Tennessee. John references his recent article on this site, The Nashville Real Estate and Community News,  giving a 3rd quarter market analysis on how Nashville is becoming a more neutral market. Click here to read that article.  Also, read the foreclosure.com article by...

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by Nashville Realtor Team
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November 20, 2023
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Tennessee Real Estate Closing Costs Statistics (2023 Survey)

Tennessee Real Estate Closing Costs Statistics (2023 Survey) Nashville, TN / USA - November 20, 2023 at 6:00am (last modified November 20, 2023 at 6:00am ) by John Sullivan, member of International Association of Press Photographers, and Photos by Create615.com Our own John Sullivan was a contributor and industry expert in an RealEstateBees.com article titled Tennessee Real Estate Closing Costs Statistics (2023 Survey) by author Kimberly Anderson. It is an exceptional article detailing what is included in Closing Costs, who pays these costs and how to save some money. Reading this will help anyone understand this complex part of the buying or selling real estate process. Click...

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by Nashville Realtor Team
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November 13, 2023
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The Gulch, Nashville: Where Urban Luxury Meets Vibrant Living

Nashville, TN / USA - November 13, 2023 at 6:00am (last modified November 13, 2023 at 6:00am ) by John Sullivan, member of International Association of Press Photographers, and Photos by Create615.com   Nashville, Tennessee, has a heartbeat that resonates with music, culture, and a dynamic lifestyle. Among its many vibrant neighborhoods, The Gulch stands out as a modern urban oasis that seamlessly blends luxury, convenience, and community spirit. If you're looking for reasons to call The Gulch home, here are some of the best ones: 1. Prime Location Nestled just south of downtown Nashville, The Gulch boasts an enviable location that offers easy access to the city's...

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by Nashville Realtor Team
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October 20, 2023
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Nashville Residential Market Report – Q3 2023: Transitioning to a More Neutral Market

Nashville, TN / USA - October 20, 2023 at 6:00am (last modified October 20, 2023 at 6:00am ) by John Sullivan and Photos by Create615.com   The residential real estate market in Nashville is showing signs of evolving this Q3 2023. While many key metrics remain favorable for sellers, increasing indicators suggest a trend towards a more balanced market. Below is an updated analysis of the quarter's statistics with particular emphasis on market normalization factors. Key Metrics (Highlighted Changes) Metric Value Quarterly Change Year-over-Year Change New Listings 853 5% 5% New Under Contract 488 2% 10% Active Inventory (Avg) 1,477 3% 38% Under Contract Inventory (Avg) 826 5% 10% Total Inventory 2,303 0% 16% Closings 586 17% 2% Average Sale Price $770,938 8% 6% Median Sale Price $555,000 4% 1% Average Days on Market (Closed) 21 16% 82% Average List Price (Active) $1,071,764 1% 10% List to Contract (Avg) 49 days 18% 43% Contract to Closed (Avg) 49...

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by Nashville Realtor Team
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October 9, 2023
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From Country Music Capital to Thriving Tech Hub: Why Nashville is a Top Destination for Relocation

Nashville, TN / USA - October 9, 2023 at 6:00am (last modified October 9, 2023 at 6:00am ) by John Sullivan and Photos by Create615.com Nashville, renowned as the Country Music Capital of the World, has undergone a remarkable transformation in recent years. With its vibrant culture, stunning scenery, and a growing tech industry, Nashville has emerged as a top destination for relocation. This thriving city is attracting professionals from diverse industries, not just music, seeking new opportunities and a higher quality of life. From startups to established tech giants, Nashville offers a supportive ecosystem for entrepreneurs and innovators. Its affordable cost of living, excellent healthcare,...

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by Nashville Realtor Team
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