Nashville Real Estate Report - August 2013

AUGUST 2013 NASHVILLE REAL ESTATE REPORT HOME PRICES Median Price $22,750 300000 270000 240000 Over July 2012 210000 180000 150000 120000 90000 60000 30000 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul HOME SALES July is Best Sales Month in 6 Years! 4000 3600 3200 2800 2400 2000 1600 1200 800 400 Rug Sep Oct Nov- Dec Jan Feb Mar Apr May Jun Jul 70 DOM Average: Down 11 Days in 1 Yr. INVENTORY Lowest Since 2007! 20000 18000 16000 14000 12000 10000 800 6000 4000 2000 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 2,217 Less Homes on the Market than in July 2012 REWARDS AND RISKS + Home Sales Are Up 24% YTD. + Home Inventory at 4 Month Supply. + Record Prices, Inventory & Closings. - Federal Spending & Debt Ceiling. - Weakness in the National Economy. Increasing Interest Rates. ©2013 NashvilleRealEstateNow.com