Tennessee Home Sales Inch Upward As Prices Rise And Inventory Remains Tight

Monday, September 11, 2017 - by Phil Newman, Tennessee Realtors

n line with recent trends, home sales across Tennessee ticked up 1.9 percent (7,603 closings to 7,745) in August 2017; the median price continued rising steadily, 9.8 percent ($198,000 to $217,500); and available homes kept falling, -24.3 percent (28,635 to 21,292) over August 2016, according to data compiled by Tennessee Realtors.


Condo sales took a slightly different tack, falling -10.

4 percent (791 closings to 709), even as the median condo price gained +11.4 percent ($166,000 to $185,000), and inventory fell almost one-third, -32% (2,213 to 1,511) over August 2016.


The tables below summarize the August 2017 results in sales, price and inventory:



Aug. 2016

Aug. 2017
















Aug. 2016

Aug. 2017
















Aug. 2016

Aug. 2017
















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