Continuing recent trends, June 2017 saw Tennessee’s single-family home sales hold relatively steady at 7,918, down slightly (-.5%) from 7,954 in June 2016.
The median price continued its steeper rise, reaching $223,400, +11% from $200,000 the prior June. Inventory kept tightening, –26% in June to 21,019 vs. 28,772 a year earlier.
Condos followed similar patterns, but with a more modest median-price rise (+2.1%).
See the chart below for more details from the state’s three grand divisions.
The national housing picture from NAR is available HERE.