Middle Tennessee Real Estate market report
Home sales figures for the Nashville area remain strong, according to the Greater Nashville Association of Realtors. Sales numbers for January 2007 were the second-highest number of closings ever for the month of January.
The GNAR provided the following comparison of sales by category for January:
|
Closings Residential |
January 2006 2,371 1,908 |
January 2007 2,289 1,779 |
From the GNAR press release:
There were 2,791 sales pending at the end of January, compared with 2,972 sales that were pending at the same time last year. The median residential price during January was $172,900 and for a condominium it was $150,000. That compares with median residential and condominium prices at this time last year of $162,000 and $150,715 respectively. The average number of days on the market for a single-family residence was 72 days for the overall Nashville market.