“For the first time since March, we saw weekly inventory levels above the average during June,” said Brian Copeland, Greater Nashville REALTORS® president. “While inventory remains low, Realtors are working harder than ever to bring quality homes to the market.”
A comparison of sales by category for June is:
2020
|
2021
|
|
CLOSINGS
|
4,191
|
4,649
|
Residential
|
3,478
|
3,746
|
Condominium
|
479
|
631
|
Multi-Family
|
25
|
25
|
Farms/Land/Lots
|
209
|
247
|
|
2020
|
2021
|
CLOSINGS
|
10,345
|
12,831
|
Residential
|
8,717
|
10,193
|
Condominum
|
1,090
|
1,787
|
Multi-Family
|
50
|
89
|
Farms/Land/Lots
|
488
|
762
|
|
YTD 2020
|
YTD 2021
|
CLOSINGS
|
19,121
|
22,169
|
Residential
|
16,021
|
17,689
|
Condominum
|
2,060
|
3,007
|
Multi-Family
|
115
|
161
|
Farms/Land/Lots
|
925
|
1,312
|
The median price for a residential single-family home was $415,000 and for a condominium, it was $292,570. This compares with last year’s median residential and condominium prices of $331,448 and $243,990 respectively.
Inventory at the end of June was 4,615 down from 9,682 in June 2020.
The current inventory of properties by category, compared to last year, is:
|
2020
|
2021
|
INVENTORY
|
9,682
|
4,615
|
Residential
|
6,825
|
2,831
|
Condominium
|
1,001
|
546
|
Multi-Family
|
49
|
76
|
Farms/Land/Lots
|
1,807
|
1,162
|
The data collected for this release represents nine Middle Tennessee counties: Cheatham, Davidson, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson and Wilson.