April was another strong month for home sales, according to the Greater Nashville Association of Realtors. Closings were up 25 percent.
GNAR says it’s more than just a seasonal uptick. Closings have improved by nearly 25 percent year-to-date. Last month, prices improved as well. The median home is selling for $165,000, up $6,000 from the same period last year. Condo prices, however, did take a dip.
Sallie Simmons with Zeitlin & Co. has been working deals with both buyers and sellers and says she sees stability in the region’s housing market.
“Sellers seem to be satisfied by what they’re selling their house for today versus a year or two ago. And I feel like buyers still feel like they have options and are able to get very favorable interest rates and loans.”
Home sales are expected to keep pace this month, with pending deals up over last year.