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Middle Tennessee median home values have increased $70,000 in 6 months

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WMOT
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MURFREESBORO, Tenn. (AP) — The value of an average home in Middle Tennessee jumped $15,000 higher in just 30 days.

That’s according to the just released June sales report from the Greater Nashville Realtors Association.

Buying a median priced home here in the mid-state will now set you back $415,000. Compare that to June of last year when the median price was $331,000, an increase of $84,000 in 12 months.

Home closings are up 14 percent between May and June.

An average home in Middle Tennessee currently remains on the market for just 27 days.