Existing Home Sales Slow to Start Spring [INFOGRAPHIC]
- Existing Home Sales slowed to an annual pace of 5.21 million home sales in March.
- Low inventory levels are still impacting home sales! The current month’s supply of homes for sale is 3.9-months.
- Median home prices were up 3.8% over last March at $259,400. This marked the 85th consecutive month with year-over-year price gains.
- Keep in mind these are national numbers and the Nashville market is still moving extremely fast with homes now averaging about 30 days on the market with 51 days total from listing to closing.