Nashville Housing Market Bests 2006 To Set All-Time Sales Record | Nashville Public Radio

Nashville Housing Market Bests 2006 To Set All-Time Sales Record

Jan 8, 2018

According to the Greater Nashville Realtors, 2017 was the best year on record for the Middle Tennessee housing market. The group says nearly 41,000 homes sold last year, about a 4 percent increase from 2016.

That broke the previous record, which had been set in 2006, before the Great Recession.

December of 2017 also set another record for the region's highest median price of a single-family home, which hit $294,000. But it was barely an all-time high: June was close behind, at just a couple hundred dollars less.

"Despite uncertainty regarding tax reform and low inventory, buyers and sellers were determined to reach their real estate goals, whether that was through home ownership, real estate investment or any of the other avenues of real estate," GNR president Sher Powers said in a statement.

Despite the best year in Nashville real estate, December itself ran slightly behind the same month in 2016, down about 1 percent.