Following a record-breaking year, the Greater Nashville, Tenn., housing market continued to increase in January, according to data released by the Greater Nashville Association of Realtors.

For January, there were 1,991 home closings, which is a 14 percent increase from the 1,738 closings reported for January 2003.

“Announcing an increase in home sales for Greater Nashville is a great way to start the year,” said Jay Lowenthal, president of GNAR. “2003 was a record year, and 2004 is starting out strong, as well, even in a season that’s traditionally slower for the real estate market.”

The average number of days on the market for a single-family home was 83 days, compared with 86 days for January 2003.

The median residential price for a single-family home during January was $135,000 and for a condominium it was $117,900. This compares with January 2003’s median residential and condominium prices of $132,000 and $125,750, respectively.

Inventory at the end of January was 14,955, lower than the inventory of 16,277 in January 2003.

“It is natural that inventory is lower at this time of year, but it tends to increase as spring gets closer,” Lowenthal said. “There is still plenty of inventory available to provide meaningful choices for those considering the purchase of a home right now.”

The Greater Nashville Association of Realtors is a professional trade association that serves Nashville-area property owners.


Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription