Sam Miller from the Nashville Home Guys talks about a slight flattening trend in pricing although Middle TN real estate sales are still up over last year. The inventory constraint continues but due to rising interest rates, there are also fewer buyers in the market currently.
Average Sales Price:
Davidson County = $667,787
+15.5% YOY
+ 12% from October
Williamson County = 1,021,946
+ 10.7 YOY
-10.5 % from October
New Listings
Davidson County = 951
-14.4% YOY
-20% from October
Williamson County = 521
+5.3% YOY
-17% from October
Homes For Sale
Davidson = 2,472
⁃ 17.5% YOY
⁃ 8% from October
Williamson = 1,265
⁃ 10% YOY
⁃ 7.2% from October
Pending Sales
Davidson = 672
-38% YOY
⁃ 2.8% October
Williamson = 300
⁃ 45.8 % YOY
⁃ 19.5% from October
Closed Sales
Davidson County = 697
-31.2% YOY
-13.7% from October
Williamson County = 340
-28.7% YOY
-19.4% from October