Base Nashville Real Estate Market Stats

April 2020

April was another strong month for real estate sales in our combined neighborhoods of McFerrin Park, Cleveland Park and Highland Heights.

There were 15 closed properties in our neighborhoods. The median list price and sales price per foot was $213. We had a median 6 days on market, so still a very quick transaction during these crazy times. The median contract to close days was at 31,  that went up just a little from the previous month, which is to be expected.

The average sales to list price ratio is still very strong at 99%.   Meaning properties are selling at or very close to what they’re asking prices are. There are more active properties this month than last.  This month there are 30 total active properties.  There were only 21 active properties in the month of March.

There are more pending properties this month compared to last.  April has 37 properties that are waiting to close out.  For the month of March, there were only 32.   The average sales price was $381,193 which is a significant increase from last month!

If you know of anyone looking to buy, sell or chat about real estate in our area please send them my way!