Industry News

Demand strong for Nashville real estate

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Home sales in the Greater Nashville, Tenn., area grew at a more modest pace in April, coming down from four straight months of double-digit increases, the Greater Nashville Association of Realtors reported Tuesday. There were 3,236 total real estate sales reported for the month of April, up 3.3 percent from the 3,130 closings in April 2005. Total sales figures include single-family, condos, multifamily, farms, land and lots. Year-to-date closings are up compared to last year with 11,733, the association reported. That is a 9.7 percent increase compared with the 10,686 closings reported through April 2005, and last year was the best year for home sales in Greater Nashville's history. "These figures confirm we have a very active and healthy market in the Greater Nashville area," said Christie Wilson, GNAR president. "We continue to remain somewhat ahead of last year's record-setting numbers. The number of sales pending is very strong, but down slightly from last...