5 Takeaways From Nashville's Best Year For Home Sales Since 2006 | Nashville Public Radio

5 Takeaways From Nashville's Best Year For Home Sales Since 2006

Jan 8, 2016

Nashville ended up having its biggest year for home sales in nearly a decade — up nearly 11 percent from 2014.

Here are the highlights from the Greater Nashville Association of Realtors:

  1. There were nearly 37,000 closings, which is not quite as many as 2005 and 2006, but nearly double the low point in 2010, when only 20,000 properties sold.
  2. Median prices in December hit an all-time high of $242,945. Before 2015, the highest mark had been $222,000. And typically, prices follow the same seasonal trends of closings, so it's rare to reach a high point in December.
  3. Williamson County — far and away — leads the region in median price, at $410,000, but other counties have seen far more growth in recent months.
  4. One of the few numbers to backtrack in recent months is a decline in condo sales for Wilson Co.
  5. Pending sales are also at their highest point in a decade, so the pace is expected to continue into 2016.
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