Nashville home sales up more than 30% over last year

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NASHVILLE, Tenn. (WKRN) — More evidence Nashville’s housing market is heating up as we head into the summer months.

On Monday, News 2’s Erica Francis took a trip to Davidson County’s hottest neighborhood, Inglewood. There one home went under contract in just three days, selling 20% above the listing price.

Robbie Drimmer of Compass Real Estate was able to get Tim Jones and his family nearly $100,000 over the original set price, with 130 showings and 32 offers no contingencies.

“Nashville has that attraction of still having a great community of art culture progressive people but also the ability to have some room to grow a family,” Jones said.

Jeff Checko with Ashton Real Estate Group of RE/MAX Advantage said those factors and prices are drawing people in.

“You say ‘wow were really going up in value.’ But, if you look at it against other mid-size and big cities, then we still have a ways to go to be considered a really expensive place to live.” Checko added, “With how much we have going for us, I expect it to continue especially in the urban core.”

Nashville home sales are up 31% over last year according to the latest RE/MAX National Housing Report.

Additional findings for Greater Nashville include:

  • The average Nashville home sells in just 15 days — nearly 50% faster than one year ago
  • Home sale prices are up nearly 15% over last year
  • The current median home sale price is $361,250

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