Industry News

Nashville real estate sales bloom

Rising inventory helps balance market

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Home sales in the Greater Nashville, Tenn., area posted another month of double-digit growth in February, the Greater Nashville Association of Realtors reported. There were 2,610 home closings reported for the month of February, up 11.6 percent from the 2,337 closings reported a year ago. Year-to-date closings through February are 4,981, a 12 percent increase from the 4,448 closings reported through February 2005. "Home sales in Greater Nashville continued the strong start to this year with a double-digit increase over last year," said GNAR President Christie Wilson. "This region is fortunate to have such a strong housing market, particularly in light of national stories about slowing growth being experienced in many other parts of the country." The median residential price for a single-family home during February was $164,900, up 9.9 percent from $150,000 reported a year ago. The median condo price last month was $145,000, up 12.4 percent from the February 2005 price of $129,000, but...