The latest real estate market update is in for McFerrin Park, Cleveland Park, and Highland Heights, and here’s what you need to know! In the past month, new listings hit 32, while 14 homes went under contract, keeping the market active. Active inventory averaged 60 homes, with 76 total properties on the market.
Closings came in at 11 homes, showing steady buyer demand. Prices remained strong, with the average sale price at $654,136, and the median sale price at $575,000. Homes spent an average of 46 days on market, reflecting a moderate pace compared to previous months. For sellers, the list-to-contract period averaged 62 days, with the full list-to-close cycle at 104 days.
If you’re thinking about selling, pricing your home competitively and making a strong first impression are key. For buyers, the months of supply stands at 6.29, indicating a balanced market—neither strongly favoring buyers nor sellers. With steady inventory and strong pricing, now is a great time to explore options in these neighborhoods.
Have questions about the market or thinking of making a move? Let’s connect!
Source: Realtracs
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Reach out if you are curious about your home’s current value! Nick Irwin | BaseNashville 615.418.0563 nick@basenashville.com
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ONWARD 615.656.8599
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