As we’ve said many times, we love our jobs. We love real estate and showing Nashville homes for sale to prospective buyers, and we love selling Nashville homes so that homeowners are able to move on to the next chapter in their lives.
When we sit down with a potential client interested in selling their home, the two most important things on their mind are price and time. There are very few situations where a client selling a Nashville home is not interested in knowing the answers to these two questions:
- At what price can I expect to sell my home?
- How long will it take to sell my Nashville home?
Since the two questions are quite closely tied together, it can be difficult to nail down an accurate timeline, even in a well-performing real estate market. However, we can look back at the recent Nashville real estate activity to give us an idea of how long Nashville homes have been on the market.
Average days on the market for Davidson County homes
During the year, the average days on the market for Davidson County homes has gone from 72 in January to 64 in July. The number of closings has stayed between 111-193 between the months of January through July*.
Average days on the market for Williamson County homes
In Williamson County, July numbers showed that the average number of days on the market was approximately 60. As we currently have lower inventory than last year, it’s not surprising that the number of closings also decreased, with approximately 524 total residential closing for July. However, the median price increased by 3.4% over last year as well.
Right now, Thompson Station appears to have the quickest turnaround for homes on the market, with the average number of days on the market a scant 40!
Factors that affect Nashville home sales
A variety of factors determine the length of time to sell a Nashville home. These include location, square footage, condition of the property, and price. Pricing your home appropriately is a significant indicator for how long it will take to sell your Nashville home.
As we mentioned last week, the most common price point in Nashville right now is $250-350,000. Of course, this doesn’t mean that if your home falls into that popular price range it is guaranteed to sell. Other considerations such as upgrades, layout, curb appeal, etc will also affect how quickly your home sells.
Working with an experienced REALTOR can help you set realistic expectations for both your home pricing and timeline.
Are you asking yourself: how long will it take to sell my Nashville home? Call us today to discuss the Nashville real estate market and see if now’s the right time to sell!
Want to see what homes are currently for sale in Nashville? Check out the Nashville MLS listing here and let us know if you’d like to see one in person!