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Nashville Home Sales Market, Still Hot Hot Hot

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This is starting to sound familiar: Nashville home sales hit another record high. Credit: FlickrGDC Construction Inc.
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You’ve heard this one before: Nashville area home sales reached a new record last month. According to local real estate agents, the median price for a single-family home in the Nashville area hit $279,000 in May.

Greater Nashville Realtors says closings were up more than 6 percent, and prices for a single-family home were up nearly 8 percent compared to last year. This means homes are getting snapped up fast.

Lisa Miller, an agent with Parks Realty in Nashville, calls it “the frenzy of the market.”

But while sales are up, the number of homes on the market is still quite low, down 11 percent from this time last year. Miller says this means it’s tough for buyers to find any home, let alone their dream home.

“To try to find things for buyers is the biggest challenge, of course,” Miller says.

The regional real estate association says big developments like Ikea coming to Nashville, as well as the attention the city is getting from the Predators’ place in the Stanley Cup Final, will only keep the city attractive to a wider market.

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Meribah Knight, Senior Reporter/Producer of Special Projects

Meribah Knight is a senior reporter and producer at Nashville Public Radio. She’s the host and creator of the Peabody Award-winning podcast, The Promise as well as Serial’s recent podcast The Kids of Rutherford County.

Her reporting on race and inequality in public schools prompted a wholesale shift in enrollment and attitudes toward school choice in one Nashville neighborhood. And her reporting on the juvenile justice system in Rutherford County, Tenn., led to the retirement of its juvenile judge and new oversight of its juvenile detention center.

Knight has received numerous national awards for her reporting, including the George Foster Peabody Award and the George Polk Award. Knight was also a finalist for the Pulitzer Prize, the Goldsmith Award, and twice a finalist for a National Magazine Award. Knight received her master’s degree in journalism from Northwestern University.

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