Median home prices in Nashville?

[Jojo]

I am wondering if an agent out there has any information on the median home prices in Nashville? Is now a good time to buy or sell? Thanks for all your help and responses

[Gary Ashton]

Difficult one to answer as the Nashville market is made up of so many submarkets but the median price overall is around the mid to high $200,000 range ie around about $275,000

Different areas the media price would definately be much higher. For instance the Brentwood area would probably have a median sales price closer to the mid $400,000 range.

Nashville is still seen as an undervalued market and as a result a lot of buyers are from out of state from areas where the entry level for a single family home is much higher. Being voted the best city for companies to relocate to, for the 2nd year in a row, has helped to reinforce this perception and reality.

2006 has already got off to a good start. We'll see how the rest of the years goes.

Have sellers out there noticed more and more buyers coming in from out of state?