Sales of Nashville homes increase 33.7 percent in April compared to April of 2009. There were 2145 home closings reported for the month of April, compared to 1604 in April of 2009, according to figures provided by the Greater Nashville Association of REALTORS®.
Year-to-date closings are up compared to last year with 6,337. That is an 18 percent increase compared to the 5,366 closings reported through April 2009.
There were 2,505 sales pending at the end of the month, compared to the 1,865 pending sales at this time last year. The average number of days on the market for a single-family home in Nashville was 87 days.
The median residential price for a single-family home during April was $164,950 and for a condominium it was $143,950. This compares with last year's median residential and condominium prices of $164,500 and $149,900.
This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Keller Williams Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Williamson County, and the middle Tennessee area.
That's great news. We have had an upswing in our numbers as well, on the northeast end of the State.
Larry - I am sure there will be lots of people looking for replacement homes in addition to those just moving around.
Cindy - I think the market is slowly recovering in most areas, and it's mostly about job security.
Diana - I believe that the replacement home market in Nashville will be intense this summer.
This is great great news for the Nashville market! I am waiting to see how the "replacement home market" does this year with the flooding you guys have had.
Renee- We are a little behind you, but we didn't fall as far either. hopefully sunny skys are ahead for both our markets.