Nashville Region Monthly Indicators

Indicators Highlight April 2018: Housing prices for the region have steadily increased since the beginning of the year, with Condominiums selling for on average $216,425 and single family dwellings selling for $290,877.


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Workforce April 2018 April 2017 % Change YTD 2018 YTD 2017 % Change
Resident Labor Force (by place of residence) Nashville MSA 1,035,090 995,020 4.0 1,010,090 988,305 2.2
Tennessee 3,250,400 3,164,500 2.7 3,175,800 3,165,300 0.8
United States 161,280,000 159,817,000 0.9 160,246,500 159,079,000 0.7
NonAg Employment (by place of employment) Nashville MSA 997,400 966,560 3.2 971,490 948,430 2.4
Tennessee 3,055,600 3,011,800 0.2 3,021,850 2,996,350 0.9
United States 153,262,000 153,262,000 0.0 151,744,250 151,060,500 0.5
Manufacturing Emp Nashville MSA 82,700 84,200 -1.8 83,125 83,600 -0.6
Trade, Trans, Util Emp Nashville MSA 188,900 183,300 3.1 185,650 182,400 1.8
Information Emp Nashville MSA 23,000 23,400 -1.7 23,150 23,350 -.09
Financial Activities Emp Nashville MSA 66,700 64,000 4.2 64,850 63,100 2.8
Prof/ Bus Svcs Emp Nashville MSA 166,500 159,500 4.4 150,000 157,900 2.1
Educ/ Health Svcs Emp Nashville MSA 152,800 151,400 .9 153,300 147,400 1.8
Leisure/ Hosplty Emp Nashville MSA 114,200 108,600 5.2 109,400 104,700 4.5
Government Emp Nashville MSA 120,200 120,500 -0.2 119,350 118,500 0.7
Unemployment April 2018 April 2017 % Change YTD 2018 YTD 2017 % Change
Unemployed Persons (by place of residence) Davidson Co 10,500 10,500 0.0 13,305 14,740 -9.7
Nashville MSA 22,900 28,460 -19.5 30,345 39,880 -23.9
Unemployment Rate (% by place of residence) Davidson Co 2.1 2.7 0.0 3.3 3.9 -14.3
Nashville MSA 2.2 2.9 -24.1 3.0 4.0 -25.6
Tennessee 3.4 3.7 -8.1 4.0 5.3 -25.0
U.S. 3.9 4.1 -4.9 4.36 5.0 -14.0
Revenue and Finance April 2018 April 2017 % Change YTD 2018 YTD 2017 % Change
7.0% Sales Tax Collection Davidson Co $90,423,481 $89,252,854 1.3 $209,063,911 -100.0
Nashville MSA $182,968,552 $182,968,552 0.0 $435,971,742 -100.0
Consumer Price Index US(1982-84=100) 248.991 243.603 2.2 243.2 -100.0
US (1967=100) 729.727 729.727 0.0 728.6 -100.0
South(1982-84=100) 241.123 236.052 2.1 235.8 -100.0
Housing April 2018 April 2017 % Change YTD 2018 YTD 2017 % Change
Residential Closings 2,785 2,726 2.2 9,489 4,451 113.2
Residential Inventory 5,947 5,450 9.1 5,698 8,530 -33.2
Median Residential Price ($) $295,000 $275,000 7.3 290,877 $260,225 11.8
Condominium Closings 421 355 18.6 1,318 599 120.0
Condominium Inventory 617 495 24.6 569 657 -13.4
Median Condo Price ($) $222,750 $195,255 14.1 216,425 $188,375 14.9

Sources: TN Dept of Labor and Workforce Development, US Dept of Commerce, TN Dept of Revenue, Greater Nashville Association of Realtors, mysidewalk

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