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NASHVILLE, TN APRIL 2013

Nashville, TN- April 2013 Market Trends

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Page 1: Nashville, TN- April 2013 Market Trends

NASHVILLE, TN APRIL 2013

Page 2: Nashville, TN- April 2013 Market Trends

APRIL 2013

Comparing 2012 to 2013, there are…

513 more Properties sold than this time last year

Listings have been selling 9 days faster in 2013 than 2012

29% more listings under contract compared to 2012

8% less listings for sale in 2013

Average sales price has decreased in 2013 by 17% or

$34,414

35% less monthly supply of inventory in 2013

NASHVILLE, TN

Page 3: Nashville, TN- April 2013 Market Trends

NUMBER OF PROPERTIES SOLD

513 more properties soldthan this time last year

APRIL 2013NASHVILLE, TN

Apr-12 May-12 Jun-12 Jul-12 Aug-12Sep-12 Oct-12 Nov-12Dec-12 Jan-13 Feb-13 Mar-13 Apr-13

-

500

1,000

1,500

2,000

2,500

3,000

3,500

Page 4: Nashville, TN- April 2013 Market Trends

DAYS ON THE MARKET

Listings have been selling 9 days faster in 2013 than 2012

APRIL 2013NASHVILLE, TN

Apr-12May-12 Jun-12 Jul-12 Aug-12Sep-12 Oct-12 Nov-12Dec-12 Jan-13 Feb-13 Mar-13 Apr-13

76

78

80

82

84

86

88

90

92

94

Page 5: Nashville, TN- April 2013 Market Trends

PENDING LISTINGS

APRIL 2013

29% more listings under contract compared to 2012

NASHVILLE, TN

Apr-12 May-12 Jun-12 Jul-12 Aug-12Sep-12 Oct-12 Nov-12Dec-12 Jan-13 Feb-13 Mar-13 Apr-13

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

Page 6: Nashville, TN- April 2013 Market Trends

NUMBER OF LISTINGS FOR SALE

APRIL 2013

8% less listings for sale compared to 2013

NASHVILLE, TN

Apr-1

2

May

-12

Jun-

12

Jul-1

2

Aug-

12

Sep-

12

Oct-1

2

Nov-1

2

Dec-1

2

Jan-

13

Feb-

13

Mar

-13

Apr-1

3

-

5,000

10,000

15,000

20,000

25,000

Page 7: Nashville, TN- April 2013 Market Trends

AVERAGE SALES PRICE

APRIL 2013

Average sales price has decreased in 2013 by 17% or $34,414

NASHVILLE, TN

Apr-1

2

May

-12

Jun-

12

Jul-1

2

Aug-

12

Sep-

12

Oct-1

2

Nov-1

2

Dec-1

2

Jan-

13

Feb-

13

Mar

-13

Apr-1

3

$-

$50,000

$100,000

$150,000

$200,000

$250,000

Page 8: Nashville, TN- April 2013 Market Trends

MONTHLY SUPPLY OF INVENTORY

APRIL 2013

35% less monthly supply of inventory in 2013

NASHVILLE, TN

Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13

0.0

1.0

2.0

3.0

4.0

5.0

6.0

Page 9: Nashville, TN- April 2013 Market Trends

Data provided by Terradatum.  The above representation is based in whole or in part on data from the local Multiple Listing Service for the time period indicated.  RE/MAX, the Multiple Listing Service, and the member Associations of REALTORS do not guarantee or are in any way responsible for the data accuracy.