What's it Worth: June 2013

Our monthly look at four homes at different price points

Home sales in Nashville continue their improvement, having now seen gains for 21 straight months.

For example, the Greater Nashville Association of Realtors recently reported 3,061 home closings in May, a 22.4 percent increase over the figure for May 2012.

The median residential price for a single-family home during May was $195,000; for a condominium, $166,900. This compares with last year’s median residential and condominium prices of $179,000 and $160,000, respectively.

Inventory in May was about 16,760 homes, a five-month supply given current sales rates. As inventory is dropping, the average time for a home to stay on the market is down to 73 days.

With these numbers as a backdrop, here are four recent sales at various price points.