Industry News

Nashville real estate sales grow

January closings up 6% from a year ago

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January home sales in the Greater Nashville, Tenn., area outpaced year-ago sales by a solid margin, according to figures provided through the Greater Nashville Association of Realtors. For January 2005 there were 2,111 home closings, up 6 percent from the 1,991 closings reported for January 2004. "It is good to see that the housing marketing in Greater Nashville is beginning the year on with such a strong increase in closings," said Richard Exton, president of GNAR. "With 2004 being another record year, everyone is very interested in seeing what will happen with home sales this year. Based on the number of closings in January, it appears that the market is still very active. And, with pending sales also increased, we can expect sales to remain strong, even if there is not a new record set every month." The median residential price for a single-family home during January was $154,000 and for a condominium it was $120,000. This compares with last year's median residential and condom...