Tennessee’s residential home sales* jumped in December (+19%), sales volume rose even higher (+36.6%), active listings/inventory continued to tighten (-27.6%)—but new listings rose (+5.1%)—and the median sales price ticked up (+13.2%) year-over-year, according to data compiled by Tennessee REALTORS® via REALTORS® Property Resource (RPR).
Among the highlights:
Median Home Sale Price
2020: $267,900
2019: $236,775
Median Sale Price per Sq. Ft.:
2020: $141
2019: $128
Closed Home Sales
2020: 10,339
2019: 8,688
Closed Sales Volume
2020: $3.35 billion
2019: $2.45 billion
Active Listings
2020: 32,163
2019: 44,438
New Listings
2020: 7,917
2019: 7,532
See more details broken down by Grand Division (West, Middle, East)—along with past TN housing data—HERE.
*Condominium stats followed similar trendlines.
