April sales for Nashville’s single family housing market, show a -22.7% decrease in new listings compared to 2019. There are also fewer closed sales and inventory. However, pending sales are up +8.3% from 2019 as well as the median and average sales prices.
Interest rates are at an all-time low, which buyers are taking advantage of. April ending with higher pending sales than the year prior — shows promise that May will be a strong month, buyers are out there and contracts are being written.
Homes that list now have the advantage of less competition in the market and a motivated buyer pool.
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