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January 2023 Market Insights

2024: A Year That Will Be Defined By A Strong Competitive Market" from Greater Nashville REALTORS:

The real estate market in Nashville experienced a 16% decrease in the number of home sales in 2023 compared to 2022, however, the median home sale prices remained steady

1. There was a further 4% decrease in home sales in the fourth quarter of 2023 compared to the same period in 2022, indicating a slower market towards the end of the year.

2. Despite the overall decrease in home sales, there was a significant 16% increase in pending home sales in December 2023, suggesting a strong demand in the market.

3. Based on these trends, the outlook for 2024 indicates a strong competitive market in Nashville's real estate sector

These details are sourced from an article on the Greater Nashville REALTORS' website.

(https://www.greaternashvillerealtors.org/news/2024/01/14/real-dealcolumn/2024-a-year-that-will-be-defined-by-a-strong-competitive-market/) ↩

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