May 2018 Nashville Area Real Estate Market Report

Average sales prices fell below prior month in Davidson, Williamson and Sumner. When compared to May 2017, Rutherford, Maury, and Robertson still show double digit price increases, while the remaining counties range from 4.3% to 0.5% increase in average sale price.

Closed SFH sales in May 2018 indicate fewer homes sold in Davidson, Sumner, Maury and Wilson compared to May 2017. Percent of decrease in units sold ranged -21.8% to -3.9%.

Sales continue to absorb new inventory as quickly as it comes onto market. Months of Supply heading into June did increase slightly in every county except Robertson where there was no change.

New Home Sales ranged 13.0% to 33.1% of total homes sold during the past 12 months. The 7 counties combined was 26.6% of total sold.

The links to the Counties and Summary Report are below.
The Summary Report provides a quick view of all county activity.