Industry News

Nashville real estate sales hit record high

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Home sales in the Greater Nashville, Tenn., area climbed in June to a monthly record, according to figures provided by the Greater Nashville Association of Realtors. There were 3,845 home closings reported for the month of June, up 6 percent from the 3,625 closings reported for June 2004. In addition, second-quarter numbers are up, with 10,575 closings reported, a 4.9 percent increase from the 10,078 closings reported through the second quarter of 2004. "The more than 3,800 closings for June is the highest number there has ever been in one month," said Richard Exton, GNAR president. "As a matter of fact, we have never exceeded 3,700 closings in a month, so it is truly remarkable to have this many closings for June. The Greater Nashville market is very healthy and the significant number of sales pending is an indication that it will remain active in the months ahead." The median residential price for a single-family home during June was $165,300, and for a condominium it was $132,...