The Greater Nashville Association of Realtors Speaks on the March 2009 Home Sales!!!

Here’s what the Greater Nashville Association of Realtors just sent out to let us know about March Home Sales…

…which reminds me, I need to get on my market reports!!!

There were 1,521 home closings reported in March, down 31.7 percent from the 2,227 closings during March last year. First quarter numbers are also down from last year, with 3,672 closings in the first quarter of 2009 compared to 5,763 in 2008.

   

The median price for residential was $158,000, with $155,704 for condominiums. That compares with $178,388 and $160,573 respectively in March of last year. There were 1,731 sales pending at the end of the month.  Single-family homes spent an average of 89 days on the market.

Inventory was up slightly at the end of March at 23,886, compared to 23,730 last year.

Click HERE to view the report…

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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!