𝙅𝙪𝙣𝙚 2024 𝙃𝙤𝙪𝙨𝙞𝙣𝙜 𝙈𝙖𝙧𝙠𝙚𝙩 Update

@NashvilleHomeScene

𝘐𝘯 𝘑𝘶𝘯𝘦, 𝘕𝘢𝘴𝘩𝘷𝘪𝘭𝘭𝘦'𝘴 𝘩𝘰𝘶𝘴𝘪𝘯𝘨 𝘮𝘢𝘳𝘬𝘦𝘵 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦𝘥 𝘵𝘰 𝘨𝘳𝘰𝘸 𝘸𝘪𝘵𝘩 𝘳𝘪𝘴𝘪𝘯𝘨 𝘱𝘳𝘪𝘤𝘦𝘴 𝘢𝘯𝘥 𝘪𝘯𝘤𝘳𝘦𝘢𝘴𝘦𝘥 𝘪𝘯𝘷𝘦𝘯𝘵𝘰𝘳𝘺, 𝘩𝘪𝘨𝘩𝘭𝘪𝘨𝘩𝘵𝘪𝘯𝘨 𝘴𝘵𝘳𝘰𝘯𝘨 𝘥𝘦𝘮𝘢𝘯𝘥. 𝘋𝘦𝘴𝘱𝘪𝘵𝘦 𝘢 𝘴𝘭𝘪𝘨𝘩𝘵 𝘥𝘪𝘱 𝘪𝘯 𝘯𝘦𝘸 𝘭𝘪𝘴𝘵𝘪𝘯𝘨𝘴 𝘢𝘯𝘥 𝘤𝘭𝘰𝘴𝘪𝘯𝘨𝘴, 𝘩𝘰𝘮𝘦𝘴 𝘢𝘳𝘦 𝘴𝘦𝘭𝘭𝘪𝘯𝘨 𝘧𝘢𝘴𝘵𝘦𝘳, 𝘢𝘯𝘥 𝘢𝘷𝘦𝘳𝘢𝘨𝘦 𝘴𝘢𝘭𝘦 𝘱𝘳𝘪𝘤𝘦𝘴 𝘩𝘢𝘷𝘦 𝘳𝘪𝘴𝘦𝘯 𝘴𝘪𝘨𝘯𝘪𝘧𝘪𝘤𝘢𝘯𝘵𝘭𝘺. 𝘞𝘪𝘵𝘩 𝘢 6+% 𝘺𝘦𝘢𝘳-𝘰𝘷𝘦𝘳-𝘺𝘦𝘢𝘳 𝘱𝘳𝘪𝘤𝘦 𝘪𝘯𝘤𝘳𝘦𝘢𝘴𝘦 𝘢𝘯𝘥 𝘢 17.12% 𝘳𝘪𝘴𝘦 𝘪𝘯 𝘪𝘯𝘷𝘦𝘯𝘵𝘰𝘳𝘺, 𝘸𝘦 𝘮𝘢𝘺 𝘴𝘦𝘦 𝘢 𝘨𝘳𝘢𝘥𝘶𝘢𝘭 𝘥𝘦𝘤𝘭𝘪𝘯𝘦 𝘪𝘯 𝘱𝘳𝘪𝘤𝘦𝘴 𝘥𝘶𝘳𝘪𝘯𝘨 𝘘3 𝘢𝘯𝘥 𝘘4 𝘰𝘧 2024. 𝘗𝘰𝘵𝘦𝘯𝘵𝘪𝘢𝘭 𝘮𝘰𝘳𝘵𝘨𝘢𝘨𝘦 𝘳𝘢𝘵𝘦 𝘢𝘥𝘫𝘶𝘴𝘵𝘮𝘦𝘯𝘵𝘴 𝘢𝘯𝘥 𝘱𝘰𝘭𝘪𝘵𝘪𝘤𝘢𝘭 𝘰𝘶𝘵𝘤𝘰𝘮𝘦𝘴 𝘤𝘰𝘶𝘭𝘥 𝘴𝘵𝘢𝘣𝘪𝘭𝘪𝘻𝘦 𝘱𝘳𝘪𝘤𝘦𝘴, 𝘴𝘦𝘵𝘵𝘪𝘯𝘨 𝘵𝘩𝘦 𝘴𝘵𝘢𝘨𝘦 𝘧𝘰𝘳 𝘪𝘯𝘤𝘳𝘦𝘢𝘴𝘦𝘥 𝘤𝘰𝘮𝘱𝘦𝘵𝘪𝘵𝘪𝘰𝘯 𝘪𝘯 2025.

𝙇𝙚𝙖𝙧𝙣 𝙢𝙤𝙧𝙚 𝙖𝙗𝙤𝙪𝙩 𝙢𝙖𝙭𝙞𝙢𝙞𝙯𝙞𝙣𝙜 𝙮𝙤𝙪𝙧 𝙧𝙚𝙩𝙪𝙧𝙣 𝙤𝙣 𝙞𝙣𝙫𝙚𝙨𝙩𝙢𝙚𝙣𝙩:

https://www.nashvillehomescene.com/roi 

𝘕𝘰𝘸 𝘪𝘴 𝘴𝘵𝘪𝘭𝘭 𝘢 𝘨𝘳𝘦𝘢𝘵 𝘵𝘪𝘮𝘦 𝘵𝘰 𝘴𝘦𝘭𝘭 𝘢𝘴 𝘥𝘦𝘮𝘢𝘯𝘥 𝘳𝘦𝘮𝘢𝘪𝘯𝘴 𝘩𝘪𝘨𝘩 𝘢𝘯𝘥 𝘪𝘯𝘷𝘦𝘯𝘵𝘰𝘳𝘺 𝘰𝘧𝘧𝘦𝘳𝘴 𝘣𝘶𝘺𝘦𝘳𝘴 𝘮𝘰𝘳𝘦 𝘰𝘱𝘵𝘪𝘰𝘯𝘴.

Key Highlights:

New Listings: There has been a 12% decrease, with 1,880 new listings in June 2024 compared to 2,136 in June 2023.

New Under Contract: Slight decline by 4%, with 1,149 properties under contract.

Active Inventory: Increased by 18%, rising from 2,797 to 3,295, indicating more properties available for buyers.

Under Contract Inventory: Fell by 8%, with an average of 2,065 properties under contract.

Total Inventory: Increased by 6%, reaching 5,360.

Closings: Dropped by 12%, with 1,130 closings in June 2024.

Average Sale Price: Increased by 11%, with the average sale price now at $930,189.

Median Sale Price: Rose by 12% to $675,000.

Average Days on Market (DOM): Improved by 13%, now at 21 days.

Average List Price: Slightly decreased by 2% to $1,230,433.

List to Contract: Improved significantly by 31%, averaging 51 days.

Contract to Closed: Increased by 5%, now at 51 days.

List to Closed: Up by 13% to 104 days.

Months of Supply: Increased by 27%, now at 3.74 months.

County Breakdown:

Davidson County:

New Listings: 1,251

Closings: 699

Average Sale Price: $716,705

Median Sale Price: $525,000

Average Days on Market: 21

Average List Price: $943,391

Months of Supply: 4.17

Williamson County:

New Listings: 629

Closings: 431

Average Sale Price: $1,280,111

Median Sale Price: $969,900

Average Days on Market: 22

Average List Price: $1,835,253

Months of Supply: 3.11

#Nashville #RealEstate #Economy #MortgageRates #HomePrices #HousingMarket #MarketTrends #PropertyInvestment #HomeSales #RealEstateUpdate #TNRealEstate #NashvilleHomes #HousingInventory #MarketForecast #RealEstateNews