Nashville Home Sales up 29 percent for the 4th quarter of 2009. According to the GNAR, there were 5,730 closings in the region, which is a 29.8 percent increase over the 4,413 closings in the 4th quarter of 2008.
The median residential price for Nashville Homes in December of this year was $164,000 and for a condominium the median price was $149,900. That compares with median prices of $163,750 and $132,062 respectively in December of last year. And, there were 1,339 sales pending at the end of December 2009, compared with 1,250 at the end of December of 2008.
Nashville real estate inventory is down to 20,774, compared with 21,274 in December of 2008.
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It is a good trend and hopefully a lasting one. I don't think our local market ever got to the place where many markets did either in the rapid rise or the steep decline. I am looking forward to steady sustained growth going forward.and the way back
Greater Nashville area home sales were up 13.3% in December 09 alone! Middle TN is the place to be!
Thanks for the information I will pass this off to a client who is procrastinating.
Happy New Year Larry. Our market is not quite so fortunate but this too shall pass. Or I'll figure out a way to have a Vintage Airstream and find more progressive 'surroundings.'
Susie - That's a wild picture you have going. Thanks for the comment