The median home sales price in Nashville for March 2014 was $171,500, a 4% increase from February 2014 and an 11% increase from March 2013. The number of closed home sales transactions increased 34% from February 2014 but decreased 1% from March 2013, with 2,761 closed transactions. The average days on the market was 87 days, which was 3 days less than February 2014 and 2 days less than March 2013. The months supply of inventory was 2.8 months, a 24% decrease from February 2014 and a 45% decrease from March 2013.