Sales of Nashville homes decreased 21 percent in July for the first time this year. It was totally expected due to the first time home buyer tax credit and move up tax credits expiring in June.
For the year, Nashville home sales are up 11.5 percent, and should now go back to a more balanced market.
Nashville home prices continued to rise with the median price of homes up 5.7 percent over last year at $181,000 compared to $171,100.
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