Greater Nashville property values up $37,000 in just 1 year
NASHVILLE, Tenn. (Mike Osborne) -- Greater Nashville’s real estate market continues to power through the pandemic.
Numbers released Thursday by the Greater Nashville Realtors Association show property closings in March were up 13 percent year-over-year.
The median price for a single family home jumped from $330,000 in March, 2020, to $367,090 last month.
It’s currently a strong seller’s market in Metro and the surrounding counties.
The number of properties on the market fell by half over the past year. There are currently just over 4,500 properties for sale across the region. Days on market dropped from 37 one year ago to just 27 days in March.