Newest Report from the Greater Nashville Association of Realtors is Out! April Stats!

Here is what the Greater Nashville Association of Realtors had to say about April 2009 Home Sales:

GREATER NASHVILLE HOME SALES DECLINE; PENDING SALES CONTINUE TO INCREASE

 

There were 1,604 home closings reported in April, which represents a decline of 24.9 percent from the 2,135 closing reported in April of last year. Year to date closings are off 28 percent.

 

The median price for a single-family home was $164,500 in April and for a condo it was $149,900. This compares with median residential and condo prices of $180,000 and $162,000 respectively during April of 2008.

 

Pending sales are increasing each month, with 1,865 pending at the end of April.

 

Inventory is almost exactly where it was at this time last year. However, each category other than farm, land and lots, is actually down. That category is likely to remain where it is until homebuilding activity increases.

Here is a link to the actual report itself:  LINK HERE!!!

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If you are interested in finding a home in the Middle Tennessee area, please search the MLS HERE.

If you would like to have a free comparable market analysis done on your home, if you are a first-time buyer (haven’t owned a home in the last three years), an investor or just would like to talk real estate, please feel free to call me, Emily Lowe (yes, I’m a Realtor) and I work at The Lipman Group / Sotheby’s International Realty at 615.509.1753!