Helpful Resources
Middle Tennessee Residential Real Estate
Area Guidance
courtesy of the Greater Nashville REALTORS®
Market Conditions - Greater Nashville
MORE INVENTORY A WELCOME SIGN ENTERING JULY FOR THE GREATER NASHVILLE HOUSING MARKET
Kenneth’s update 07112024… May 2024’s noticeable decline in pending sales forecasted a challenge for the upcoming closed transactions which came to fruition. The closed transactions for the month of June 2024 significantly underperformed for the month with a downturn of almost 500 less transactions getting to the closing table compared to the month of May 2024. Even though this was disappointing, the remaining key segments demonstrated consistency in a healthy Middle Tennessee real estate market. Pending Sales, home values for single-family dwellings, and inventory slightly increased M-T-M. The condominium classification slightly decreased in value; and the real estate process remained unchanged with 44 days on the market.
More choices abound and the mortgage rates are consistent - it is a great time to buy or sell! Should you jump into the real estate market? Contact your trusted lender to evaluate your home buying power dollars, and your favored REALTOR® to discuss the current conditions and take advantage of the home buying and selling process.
The Greater Nashville REALTORS® recently released a report for the month ending June 30, 2024, as follows: There were 3,042 closings; 2,703 pending sales; 11,255 inventory; 44 days on the market; and the median price for single-family dwellings of $505,000, and $345,000 for condominium classifications. The data collected for this release represents nine Middle Tennessee counties: Cheatham, Davidson, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson, and Wilson.
###
Pending home sales – Pending Home Sales is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing. Pending contracts are good early indicators of upcoming sales closings. However, the amount of time between pending contracts and completed sales is not identical for all home sales.
This week’s Weekly Snapshot highlights the activity for the 37214-zip code for the period of 07202024-07262024. 37214 represents the Donelson area of Davidson County.
Weekly Snapshot
Market Conditions - National Overview
Existing-Home Sales Slipped 5.4% in June; Median Sales Price Jumps to Record High | 07232024
Mortgage Rates Are Falling? - Will Buyers Bite? | 07192024
Sustainable Spaces: Patios and Decks | 07152024
Driveway Maintenance | 07022024
Pending Home Sales Dropped 2.1% in May | 06272024
Existing-Home Sales Edged Lower by 0.7% in May as Median Sales Price Reached Record High | 06212024
Cut Carbon and Costs with a Heat Pump Water Heater | 06132024
Top 10 Most Affordable Beach Towns in 2024 | 06052024
Pending Home Sales Slumped 7.7% in April | 05302024
Mortgage Rates Curtail Home Sales, Yet Prices Surge | 05242024
Existing-Home Sales Retreated 1.9% in April | 05242024
Mortgage Rates | Calculator
Things-To-Do
Arts, Entertainment, Things-To-Do
3rd & Lindsley
Arrington Vineyards
Belle Meade Plantation
Bluebird Cafe
Frist Center for the Visual Arts
Go for a hike, bike or drive...
Percy Priest Lake
Radnor Lake State Park
Professional Sports
Nashville Predators
Vendors | Utilities
National Association of REALTORS® Partnership with Curbio
View the Support Tool description that benefits the Seller