Nashville Real Estate Market

The Greater Nashville association of Realtors has just released the sales figures for December 2007. The show a decline in sales from the previous year but do not show a collapse in the market as seen in other town and cities across the United States.

Nashville Tennessee has retained it's universal appeal and inquiries regarding homes for sale and property is showing no signs for slowing down. In fact our site receives between 15 and 40 inquiries a day and this is January which is considered the slow season!


December Sales Comparison :



Closings

Residential
Condominium
Multi-family
Farms/Land/Lots

Dec. 2006


3,109

2,262
585
50
212

Dec. 2007


2,109

1,620
332
25
132

 

4th Sales Comparison:



Closings

Residential
Condominium
Multi-family
Farms/Land/Lots

4th Qt r. 2006


9,307

7,132
1,401
154
620

4th Qtr . 2007


6,856

5,296
1,091
96
373

 

Year-To Date Sales Comparison:



Closings

Residential
Condominium
Multi-family
Farms/Land/Lots

Y-T-D 2006


40,056

31,931
4,949
676
2,500

Y-T-D 2007


34,221

26,955
4,790
449
2,027

Source: Greater Nashville Association of Realtors January 2008

 

Williamson County Statistics

                                                   December 2007

 
Closings
Median Price
Average Price
DOM
Residential
247
385,757
471,523
74
Condominium
58
198,732
217,309
51

December 2006

 
Closings
Median Price
Average Price
DOM
Residential
356
394,900
456,445
53
Condominium
57
190,000
213,643
49

December 2005

 
Closings
Median Price
Average Price
DOM
Residential
450
320,704
414,290
50
Condominium
46
144,950
180,452
31

 

Source: Williamson County Association Of Realtors January 2008

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