The median price for a home in the Nashville market rose 3.5 percent from Q1 2012 to Q1 2012 — a respectable clip but far behind the marks of our Southern peer/competitior cities.
According to numbers from the National Association of Realtors (see here), Austin saw an increase of 8.7 percent. Charlotte's figure was 11.4 percent. Jacksonville's mark was 13.2 percent, while Orlando enjoyed a rise of an impressive 16.5 percent.
In fairness to Nashville, these cities' housing markets, compared to ours, may have been in a far less healthy state in the first quarter of 2012, somewhat distorting the true measuring accuracy of their median home price increases a year later. Still, as Nashville continues to compete for jobs, growth and bragging rights, the percentages cannot be ignored.