June 2010 Nashville Home Sales

by NashvilleBrian on July 5, 2010

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According to the Middle Tennessee RealTracs MLS, for areas 1-8 which represent Greater Nashville/Davidson County, the following statistics are for June 1, 2010 through June 30, 2010.

Total single family homes sold:  624 units (June 2009 posted 621 sales)

Average list price:  $221,611

Average sales price:  $213,505 (prices are down 3.09% from June 2009)

Average days on market:  75

Looking at each Nashville MLS Area 1 through 8, the following is the UNIT sales for each MLS area for June 2010, June 2009 and May 2010.

Area June 2010 June 2009 May 2010
Area 1 Homes 149 163 151
Area 2 Homes 168 157 146
Area 3 Homes 28 25 37
Area 4 Homes 13 7 5
Area 5 Homes 43 34 30
Area 6 Homes 89 103 125
Area 7 Homes 79 87 101
Area 8 Homes 55 45 65

Average list to sales price is here for each area.  For translation’s sake, please understand that the three areas that had price drops from this time last year are the three areas with the most unit sales (Area 1, 2 and 6).  These three areas account for 65% of the market’s sales.  Area 4′s sales are consistently skewed due to the sparse housing stock.  The good news is if you own/live in one of the remaining 35% of the market area (like I do), your value rose anywhere from 5% to 25%.

Area June 2010 June 2009 May 2010
Area 1 Homes $177,977/$172,395 $190,050/$185,200 $182,238/$176,997
Area 2 Homes $399,145/$380,976 $445,412/$421,894 $405,541/$388,868
Area 3 Homes $146,935/$140,969 $140,790/$133,723 $119,606/$115,118
Area 4 Homes $123,954/$120,016 $81,372/$79,200 $135,483/$128,394
Area 5 Homes $145,683/$142,672 $111,827/$107,014 $144,211/$138,796
Area 6 Homes $132,231/$127,941 $146,428/$141,703 $145,604/$141,264
Area 7 Homes $173,995/$169,873 $151,788/$147,571 $154,741/$149,469
Area 8 Homes $131,026/$128,868 $123,066/$120,358 $135,471/$133,741

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