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| MAY 2025 | |||
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| Units Sold 206 |
Active Inventory 482 |
Median Sale Price $300,000 |
Days On Market 45 |
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| Down -3% Vs. Year Ago |
Up 25% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up 25% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 206 sold this month in Davidson County Real Estate versus 177 last month, an increase of 16%. This month's total units sold was lower than at this time last year, a decrease of 3% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 95 units or 25%. The total number of active inventory this May was 482 compared to 387 in May 2024. This month's total of 482 is higher than the previous month's total supply of available inventory of 451, an increase of 7%. |
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Median Sale Price
Last May, the median sale price for Davidson County Homes was $284,950. This May, the median sale price was $300,000, an increase of 5% or $15,050 compared to last year. The current median sold price is 3% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 281 |
Current Contracts 218 |
Sold Vs. List Price 98.4% |
Months of Supply 2.3 |
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| Up 25% Vs. Year Ago |
Down -2% Vs. Year Ago |
Down -0.6% Vs. Year Ago |
Up 28% Vs. Year Ago |
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Months of Supply
In May, there was 2.3 months of supply available in Davidson County, compared to 1.8 in May 2024. That is an increase of 28% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 281 homes newly listed for sale in Davidson County compared to 224 in May 2024, an increase of 25%. There were 218 current contracts pending sale this May compared to 223 a year ago. The number of current contracts is 2% lower than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Davidson County was 98.4% of the average list price, which is 0.6% lower than at this time last year. Days on Market
This month, the average number of days on market was 45, higher than the average last year, which was 36, an increase of 25%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by TRIAD and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of TRIAD or Long & Foster Real Estate, Inc. |
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