It continues to be a sellers real estate market in Nashville. New figures from July show high demand and low supply of homes.
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Homes in Nashville are moving faster than previous months and selling for more than ever before, according to numbers for June released by the Greater Nashville Association of Realtors.
The streak of climbing home sales numbers has ended in the Nashville area. After three straight years of growth, fewer homes were sold in March than the same month last year.
Freezing weather in January is expected to put a damper on home sales nationwide, but it didn’t in Nashville. Sales in the area increased, compared to the same month last year.
While home prices have risen over the last year, the Greater Nashville Association of Realtors says the average price for condominiums has fallen and now hovers around $150,000
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.
The Nashville-area housing market has already surpassed the total number of home sales in all of last year. Realtors say closings improved by more than a third in October compared to 2011.
The Greater Nashville Association of Realtors says July had more closings than any month in the last four years. Home sales continue their upward trend in Middle Tennessee.
Home sales for the month of June were up by more than 20 percent compared to last year, along with a sizeable jump in home prices. Realtors continue to be encouraged by the local recovery.
April was another strong month for home sales, according to the Greater Nashville Association of Realtors. Closings were up 25 percent.
Nashville area home sales have been on a steady climb over the last few months, getting further out from the crisis levels of recent years. In January the number of closings shot up by 25 percent. It’s the first double-digit year-over-year increase since 2005.
Realtors in Nashville cheered when Senator Bob Corker told them the best thing government can do is “stay the heck out” of the housing market. But the applause stopped Tuesday as Corker outlined his plan to get the government out of the mortgage market.
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More Nashville area homes were sold in 2011 than the year before, according to the Greater Nashville Association of Realtors, It’s the first time since 2006 that year-to-year numbers have gone up at all, but the rate of growth is less than two percent.
Nashville-area home sales continued picking up in November, making five straight months of year-over-year gains. Closings surged nearly 20 percent.
The Nashville-area housing market has put together three consecutive months of gains. The Greater Nashville Association of Realtors says closings were up nearly 17 percent in September and 20 percent for the quarter.
Home sales in the Nashville area were up almost 30 percent in August over the same period last year.
Home sales were down again in May. The Greater Nashville Association of Realtors is reporting a more than 14 percent decrease in closings from the same time last year.
Home sales in the Nashville area are showing the first signs of improvement since the expiration of a federal tax credit in the middle of last year. Closings in January were up more than six percent.
Home closings in the Nashville area fell by more than 30% last month, continuing a sales skid that has followed the expiration of a home buyer tax credit earlier this year.