Nashville Condo Prices Stall Despite Rise In Home Values

GNAR says the average price for a single-family home during November was $195,000. About 15,000 homes were on the market at the end of the month. Condo prices average around $150,000, compared to $152,000 in November of 2012. Image: cafemama/Flickr

GNAR says the average price for a single-family home during November was $195,000. About 15,000 homes were on the market at the end of the month. Condo prices average around $150,000, compared to $152,000 in November of 2012. Image: cafemama/Flickr

Home sales and prices in the Nashville area remained steady in November. While both figures are higher than they were a year ago, the prices for condominiums remain stagnant.

Librarian Jen Williams has been married for about two months. She and her new husband are on the hunt for a three-bedroom home.

“Right now, our big question has been about Williamson versus Davidson,” she says. “We prefer Davidson; everything we like to do is up here. He works closer to Cool Springs and the property tax difference is a big deal.”

But first, Williams will need to sell her Green Hills condo.  While home prices have risen over the last year, the Greater Nashville Association of Realtors says the average price for condominiums has fallen and now hovers around $150,000

GNAR says there have already been more houses sold this year than all of 2012. But the monthly pace has slowed. 2,287 homes were sold in November.

Please keep your community civil. Comments will be moderated prior to posting, and Nashville Public Radio reserves the right to approve them at its discretion. Comments containing links promoting goods, services - even noble organizations - will not be published. Your comments may include external links, but all comments with links will be delayed as they are reviewed. Comments containing profanity will be rejected.