According to GNAR there were 1,784 home closings reported for the month of February
This represents an increase of nearly 18 percent from the 1,515 closings reported in February 2012. Year-to-date closings through February are 3,418, an 18.2 percent increase from the 2,892 closings reported through February 2012.
“The home sales data for February indicates another increase in both home purchases and pending sales compared to last year,” said GNAR President Price Lechleiter. “And this month also marks the highest amount of closings in February since 2008. This is the eighteenth consecutive month of increased year-over-year closings.
“The housing market recovery in this region is proving to be sustainable, particularly in light of the seasonal increases in home sales activity anticipated in the coming months. The current trends are certainly positive, but long-term planning is needed to keep our city and region vibrant and attractive in the future. With that in mind, GNAR is fully engaged in the NashvilleNext initiative and commends those who are leading that process.”
A comparison of sales by category for February is:
|February 2012||February 2013|
There were 2,269 sales pending at the end of the month, compared with 1,832 pending sales at this time last year. The average number of days on the market for a single-family home was 84 days.
The median residential price for a single-family home during February was $175,000, and for a condominium it was $138,473. This compares with median residential and condominium prices of $159,900 and $145,000, respectively at this time last year.
Inventory at the end of February was 15,651 down from 18,271 in February 2012. The current inventory of properties by category, compared to last year, is:
|February 2012||February 2013|
“According to the National Association of Realtors, pending home sales were up over last year in every region of the country, including the South. In the Greater Nashville area, there were more than 2,000 pending sales last month. Pending sales have not been above 2,000 since February 2008, so this is welcome news,” added Lechleiter. “Inventory is consistently lower than what it was in recent years. With positive sales trends and low inventory, it is likely that more people will consider putting their homes on the market soon. It is important for sellers to understand that buyers are expecting homes to be market ready and priced correctly in order to seriously consider a purchase.”
The Greater Nashville Association of REALTORS® is one of Middle Tennessee’s largest professional trade associations and serves as the primary voice for Nashville-area property owners. REALTOR® is a registered trademark that may be used only by real estate professionals who are members of the National Association of Realtors and subscribe to its strict code of ethics.
To access full home sales information, including historical data, click here.
Today’s Nashville Home Listings
See all City of Nashville real estate for sale..
(all data current as of 3/9/2014)
$219,900 : 112 Lutie St, Nashville3 beds, 2 full bathsListed with Renew Real Estate Services
$138,900 : 1529 Overcreek Dr, Nashville3 beds, 2 full, 1 part bathsListed with Reliant Realty
$184,900 : 304 Sentinel Dr, Nashville2 beds, 1 full bathListed with The Wilson Group
$329,900 : 101 Hampton Pl, Nashville3 beds, 2 full bathsListed with RE/MAX Elite
$279,900 : 8493 Indian Hills Dr, Nashville3 beds, 2 full, 1 part bathsListed with Music City Realty & Development LLC
$245,000 : 659 Devon Dr, Nashville2 beds, 2 full bathsListed with Bobby Hite Co., REALTORS
$199,950 : 571 Elaine Dr, Nashville3 beds, 1 full, 1 part bathsListed with Bobby Hite Co., REALTORS
$239,900 : 131 Honey Creek Lane, Nashville3 beds, 2 full, 1 part bathsListed with Keller Williams Realty
$169,500 : 2327 Alteras Dr, Nashville2 beds, 2 full, 1 part bathsListed with Crye-Leike, Inc., REALTORS
$375,000 : 513 Dillard Ct, Nashville3 beds, 2 full bathsListed with Realty Trust Residential, LLC
$249,900 : 7228 Magnolia Hills Dr, Nashville3 beds, 2 full bathsListed with Home Buyers Marketing II, Inc.
$143,500 : 3056 Whitland Crossing Dr, Nashville2 beds, 2 full bathsListed with RE/MAX Elite
$189,900 : 7027 Sunnywood Dr, Nashville2 beds, 1 full, 1 part bathsListed with RE/MAX Fine Homes
$249,000 : 108 Bonnie Briar Ln, Nashville2 beds, 2 full bathsListed with Synergy Real Estate Group, Inc.
$299,900 : 603 Rudolph Ave, Nashville2 beds, 1 full bathListed with Keller Williams Realty
$110,000 : 3241 Kings Ln, Nashville0 beds, 0 bathsListed with Reliant Realty
$234,900 : 320 Old Hickory Blvd Apt 2912, Nashville3 beds, 2 full, 1 part bathsListed with Music City, REALTORS
$109,900 : 1417 Electric Ave, Nashville3 beds, 1 full bathListed with The Realty Association
$283,500 : 1805 5th Ave N, Nashville2 beds, 2 full bathsListed with Neal Clayton Realtors, LLC
Listing information deemed reliable but not guaranteed. Read full disclaimer.