Nashville Real Estate Monthly Market Report August 2019

Average Sales Prices in AUG 2019 remained higher than AUG LY in all the counties. (Sumner showed a -0.1% decline).

On a YTD basis, all 9 counties show increases in Avg. Sale Prices. Maury reported the highest percent increase at 10.5% while Robertson reported the smallest increase at 3.7% in August 2019 vs. LY. Median Sales Price remained higher in all counties on a YTD basis. Williamson & Montgomery have 10.3% and 11.1% respectively.

Closed sales in August 2019 continued to decline compared to Aug. LY in 5 of the counties. On a YTD basis, 4 counties reported fewer sold Single Family Homes when compared to LY for the same time frame.
Available inventory going into September improved slightly compared to prior months. Sales continue to absorb the new entries to the market, keeping months of inventory steady. August DOM in most counties ranged from a low of 20 days in Wilson to a high 33 days in Maury.New Home Sales Percent to Total Homes Sold is still consistent with prior months, with just slight changes from previous months report. Four of the 9 counties now have close to 30% new construction sales.

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