The Bellevue real estate market continues to outperform Davidson County as a whole, with November 2024 marking an all-time high for the median sale price at $651,000.  

Here’s a quick overview of the trends:

• Inventory Levels stayed stable, with active inventory up slightly to 93 homes and total inventory at 160.
• Sale Prices surged, with the average rising from $641,784 to $807,393, reflecting Bellevue's growing appeal.
• Months of Supply increased to 4.86, shifting toward a more balanced market.
  

Key Takeaways:

• For Buyers: Rising prices mean acting quickly is crucial, but growing inventory and longer market times offer more negotiation opportunities.
• For Sellers: This is an excellent time to sell, with record-high prices and faster closings, but competitive pricing and preparation remain key.

 Our monthly market update showcases what you need to know about local real estate trends.  If you don't find the information you need here, send us an email and ask about your specific interests.