The median price for a single family home just keeps climbing in the Nashville area — coming in a hair shy of $300,000 last month.
Meanwhile, the overall closings, the numbers of homes sold in the region, has ticked down some — by 4.5 percent compared to this time last year. But make no mistake, this is still boom times for home sales in the region.
The median price for a condominium in May was $226,000, up more than $20,000 from last year.
According to realtors, homes stayed on the market for an average of 28 days last month, less than any other month this year. Which means that people are eager to buy and, despite the recent dip in total sales, they’re just as eager to sell.
An instructor at the Nashville-based real estate school, Continual Learning Institute, said enrollment has never been better. Every month its classes, churning out about 200 potential new agents, are at capacity, she said, and there is no sign of things slowing down.