Oct. 2018 TN Home Sales Dip 2.2%

There were 2,632 home closings reported for the month of January, according to figures provided by Greater Nashville Realtors®. This figure is up 15.7 percent from the 2,274 closings reported for the same period last year.

“The housing market is off to a great start for 2020,” said Kristy Hairston, Greater Nashville Realtors® president. With increased sales in January, a large number of pending sales and low mortgage rates, February looks to be another active month in the Greater Nashville Area.”

A comparison of sales by category for January is:

There were 3,117 sales pending at the end of January, compared to 2,853 pending sales at this time last year. The average number of days on the market for a single-family home was 40 days.

The median price for a residential single-family home was $305,950, and for a condominium it was $239,000. This compares with last year’s median residential and condominium prices of $293,650 and $200,100 respectively.

Inventory at the end of January was 9,410, down from 11,150 in January 2019.

“Demand is outpacing inventory, which leads to higher prices. Working with a Realtor can help you determine your best housing option. Shopping for homes is not just price comparisons online; it’s understanding neighborhoods, school options, and evaluating what the right move is for you. More than an app, a Realtor® walks with you every step of the way in your homeownership journey. If you are interested in learning more about becoming a homeowner, contact a Realtor®,” added Hairston.

About Us: Greater Nashville 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.

The data collected for this release represents nine Middle Tennessee counties: Cheatham, Davidson, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson and Wilson.


Soltea
Improve Your Heart Health with All-Natural Soltea Daily Supplement – Click Now to Save 25% Off Your First Order
All-Natural Heart Health Supplement – Save 25% Now
CodeMonkey
Coding for kids! Introducing programming games for the next generation. Get your kids coding today.
Start with a free trial.
Greenlight
Get a debit card for your kids, managed by you, and start raising financially-smart kids today!
Open your child’s account today.
Acorns
Acorns helps you grow your money. Take control with all-in-one investment, retirement, checking and more.
Get a $5 bonus when you sign up.
Gabi
The easiest way to compare and save on home and auto insurance. Match coverage, compare rates and save.
Find hundreds in savings now!
Grow Credit
Grow Credit is a free Mastercard you can use to pay your subscriptions while you build credit.
Start building your credit today!
Tally
Overcome your credit card debt with Tally. Consolidate and save money while you pay it down.
Get started with Tally today.
Brigit
Know your spending habits, anticipate overdrafts, and get up to $250. Only takes 2 minutes. No credit check.
Get your finances on track.
Truebill
Lower your bills and stay on top of your financial life with Truebil, the app that helps you save every day.
Take control & start saving money!