"Typically, home price per square foot in Nashville tend to fall in September. But the most recent data shows that the price per square foot increased by 0.1% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in Music City are outpacing the national market."
"In September, there were 3,174 homes for sale in Nashville, which was 0.2% less than the month before and 18.7% more than the same time last year. Meanwhile, active inventory across the nation rose by 0.2% from last month to 1,100,407. Time on market Homes in Nashville take an average of 69 days to sell, according to September figures. This is one day more than the previous month and 10 days more than the same month last year. For comparison, nationally homes spent an average of 62 days on the market in September."
In September, Nashville's median listing price was $605,000, a slight month-over-month decline. The number of listings was virtually unchanged from the prior month but represented a larger-than-normal seasonal decrease. Price per square foot rose 0.1% month-over-month in Nashville while the national per-square-foot price fell 0.8%. Inventory totaled 3,174 homes, down 0.2% month-over-month and up 18.7% year-over-year. National active inventory rose 0.2% to 1,100,407. Homes in Nashville averaged 69 days on market, one day longer than last month and ten days longer year-over-year, versus 62 days nationally.
Read at SFGATE
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