In September, home prices fell slightly from the month before, with a median listing price of $605,000.
The number of listings on the market remained practically unchanged from last month, but it is a bigger decrease than normal for this time of the year in Nashville, and homes are also selling slower than at the same time last year.
Home prices in Nashville
Typically, home price per square foot in Nashville tend to fall in September. But the most recent data shows that the price per square foot increased by 0.1% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in Music City are outpacing the national market.
Nashville inventory
In September, there were 3,174 homes for sale in Nashville, which was 0.2% less than the month before and 18.7% more than the same time last year…