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
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(all data current as of 9/22/2014)
$314,500 : 1033 Percy Warner Blvd, Nashville3 beds, 2 full, 1 part bathsListed with Fridrich & Clark Realty
$147,900 : 3809 Northbrook Dr, Nashville3 beds, 2 full bathsListed with Battle Realty Company
$1,595,000 : 5 Castle Rising, Nashville4 beds, 3 full, 2 part bathsListed with Fridrich & Clark Realty
$239,900 : 500 Brentlawn Dr, Nashville3 beds, 3 full bathsListed with Coldwell Banker Lakeside Inc.
$419,900 : 917 Riverside Dr, Nashville3 beds, 3 full, 1 part bathsListed with Benchmark Realty, LLC
$349,900 : 7137 Holt Run Dr, Nashville4 beds, 3 full, 1 part bathsListed with Bob Parks Realty
$374,900 : 1215 WINDING WAY ROAD, NASHVILLE3 beds, 1 full, 1 part bathsListed with Village Real Estate Services
$345,000 : 7048 Wild Iris Dr, Nashville3 beds, 3 full, 1 part bathsListed with Worth Properties LLC
$484,000 : 2510 Sunset Pl, Nashville3 beds, 2 full bathsListed with Christianson, Patterson, Courtney & Associates
$799,900 : 4411 Lone Oak Rd, Nashville4 beds, 5 full, 1 part bathsListed with Parks
$2,500,000 : 110 Lynnwood Blvd, Nashville4 beds, 6 full, 1 part bathsListed with French King Fine Properties
$348,800 : 1401 Stratford Ave, Nashville5 beds, 2 full bathsListed with Village Real Estate Services
$141,000 : 331 Margo Ln, Nashville2 beds, 1 full, 1 part bathsListed with Exit Realty Music City
$319,000 : 2324 Knowles Ave, Nashville2 beds, 2 full, 1 part bathsListed with Pilkerton Realtors
$999,000 : 4112 Baldwin Arbor, Nashville4 beds, 4 full bathsListed with French King Fine Properties
$379,900 : 6669 Christiansted Ln, Nashville3 beds, 2 full, 1 part bathsListed with ResultsMLS.com
$583,900 : 7105 Natchez Pointe, Nashville4 beds, 3 full, 2 part bathsListed with Keller Williams Realty
$199,900 : 417 Lockland Dr, Nashville2 beds, 1 full bathListed with Village Real Estate Services
$179,900 : 221 Wallace Rd, Nashville4 beds, 2 full bathsListed with Urbane Residential Specialists
Listing information deemed reliable but not guaranteed. Read full disclaimer.