The number of home sales in the Nashville area is the highest it’s been since 2007 when the recession began. The Greater Nashville Association of Realtors says more than 26 thousand homes were sold in 2012.
Realtor Terry DeSelms says he blew past his sales goal for 2012, closing on 168 more houses than he thought he would.
DeSelms says he thinks the market is improving because people are starting to sell their houses at more realistic prices.
“Sellers are finally starting to price their houses according to the market; not what they want, and not what they thought they could sell it for a few years ago. They’re finally looking at the market, they may not like it, but they’re saying ok, that’s where the market is, we need to price it there.”
Home prices went up slightly over the course of 2012. But, they’re still lower than they were before the recession.
At nearly 188 thousand, the median price is exactly what it was in December of 2007. Home sales are up more than 20 percent from this time in 2011.