Nashville Area Homes Sales, August 2016
According to the Greater Nashville Association of Realtors, home sales for the month of August were flat compared to this month last year. This could be sign of seasonal slow-down, but also an indicator of continuing low supply. Perhaps buyers are standing by a bit more to see what happens? May be a sign of market cooling? Perhaps, but we still posted a 7.6% increase in median home price year over year, which is outstanding! See all the details in the latest report here.