Industry News

Nashville home sales post strong September

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Home sales in the Greater Nashville, Tenn., area in September kept pace with their year-earlier level, as price growth slowed to a more normal rate, the Greater Nashville Association of Realtors reported. Realtors recorded 3,455 home sales last month, almost identical to the 3,457 sales in September 2005, but down from 3,772 in August 2006. Total sales figures include single-family, condos, multifamily, farms, land and lots. Year-to-date closings for the Greater Nashville area totaled 30,476, up 3.9 percent from the 29,311 closings reported through the third quarter of 2005, which was a record year for area home sales in the region. "The Greater Nashville real estate market can best be characterized as active and balanced at this time," said GNAR President Christie Wilson. "The fact that we were only two closings short of last year's record for September means this is the second-best September on record for home sales in this area..." The median price for a single-family home during ...