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

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

	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