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 7/26/2014)
$219,900 : 2329 Modena Dr, Nashville3 beds, 2 full, 1 part bathsListed with Magnolia Properties
$164,900 : 325 Starboard Ct, Nashville3 beds, 2 full, 1 part bathsListed with Reliant Realty, LLC
$285,000 : 1012 Davidson Rd, Nashville3 beds, 2 full bathsListed with Tom Buida Real Estate Services Inc.
$189,900 : 1119 RIVERWOOD DR, Nashville2 beds, 1 full bathListed with Crye-Leike, Realtors
$219,000 : 929 Southside Pl, Nashville3 beds, 1 full bathListed with Bryant Properties, LLC
$109,900 : 2444 Broadview Dr, Nashville3 beds, 1 full, 1 part bathsListed with Hodges and Fooshee Realty Inc.
$270,000 : 1009 13Th Ave S, Nashville3 beds, 1 full bathListed with Village Real Estate Services
$1,495,000 : 700 12Th Ave S Unit 1101, Nashville3 beds, 3 full bathsListed with Fridrich & Clark Realty
$175,000 : 4172 Longfellow Dr, Nashville3 beds, 2 full, 1 part bathsListed with Reliant Realty, LLC
$619,900 : 71A Brookwood Ter, Nashville4 beds, 3 full, 1 part bathsListed with Village Real Estate Services
$724,900 : 4307 Nebraska Ave, Nashville4 beds, 3 full bathsListed with Reliant Realty
$239,000 : 7823 Heaton Way, Nashville3 beds, 3 full bathsListed with Benchmark Realty, LLC
$434,923 : 1122 McChesney Ave, Nashville3 beds, 3 full bathsListed with District Property Group
$284,900 : 7925 Amber Hills Ln, Nashville3 beds, 3 full bathsListed with The Wilson Group
$339,500 : 2937 Primrose Ave, Nashville5 beds, 3 full bathsListed with Village Real Estate Services
$166,900 : 5025 Hillsboro Pike Apt 12F, Nashville2 beds, 1 full, 1 part bathsListed with Fernwood Real Estate Company
$369,615 : 814 Petway Ave, Nashville3 beds, 2 full, 1 part bathsListed with Village Real Estate Services
$305,000 : 6666 Brookmont Ter Apt 403, Nashville3 beds, 3 full bathsListed with Zeitlin & Co., Realtors
$335,000 : 1107 Glenview Dr, Nashville3 beds, 2 full, 1 part bathsListed with Keller Williams Realty
Listing information deemed reliable but not guaranteed. Read full disclaimer.