Base Nashville

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Base Nashville Market Stats

January 2021

Can we all agree that February is the official beginning of 2021? I feel like the holiday fog has finally lifted and the real estate market is ON FIRE!

In our combined neighborhoods of McFerrin Park, Cleveland Park and Highland Heights there were only 16 closings for the month.  This is down from 37 in the month of December and is indicative of our EXTREMELY limited inventory (homes available for purchase)

The median list price per foot checked in at 243/ft and the median sales price per foot was 234/ft. Average sales price to list price ratio was 97.34%

Our average sales price dipped a bit from the previous month to 394K       ( this is not surprising due to the limited inventory – less sales, less numbers to average)

Interesting fact – when comparing January 2021 to January 2020 – there is a DECREASE of 85% in inventory and an increase of pending properties by 41%

I’ve been saying this for months, but IF YOU ARE CONSIDERING SELLING NOW is a fantastic time.  If you are a buyer in this market, the inventory is limited BUT INTEREST RATES ARE HISTORICALLY LOW!

Total Properties Sold

16

Median List Price Per Square Foot

$243

Median Sales Price Per Square Foot

$234

Median Days on Market

4

I have several listings that are not yet on the MLS in our neighborhood. If you are looking to make a move OR if you want the chance to choose your neighbor – call me!

615-418-0563

The housing market is changing. If you have been considering selling your home but aren’t sure what it is worth in today’s market, click here and get a free personalized report on the current market value of your home.

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Nick Irwin - Real Estate Broker in Nashville

Nick Irwin Broker

615-418-0563