Industry News

Nashville home sales post July record

Rising inventory impacts prices
Published on Aug 10, 2006

Despite falling slightly from June, home sales in the Greater Nashville, Tenn., area hit a record high for the month of July, the Greater Nashville Association of Realtors reported Wednesday. Realtors recorded 3,976 home sales in July, up 4.1 percent from 3,819 sales in July 2005 but down from 4,060 sales in June, according to GNAR. Total sales figures include single-family, condos, multifamily, farms, land and lots. Year-to-date closings for the Greater Nashville area are at 23,249, the association reported, up 5.9 percent from the 21,950 closings reported through July 2005. "Home sales in the Greater Nashville area have again exceeded a record with almost 4,000 closings in July," said GNAR President Christie Wilson. "...While it is impossible to set records every month, it is clear that Greater Nashville is quite capable of sustaining this new level of home sales activity." Inventory at the end of July was 16,170, up from 13,991 a year ago. Based on the current level of sales activ...

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