Nashville TN Real Estate January Sales Increase 6%

Today the Greater Nashville Association of Realtors posted that property sales had increased 6% in the month of January 2010 over January 2009 sales. Many have been skeptical about how much the First Time HomeBuyers' Tax Credit was actually helping the local economy.

Sales had increased over 60% in November and that was very clearly a result of the Tax Credit.

The jump in January shows that local confidence in the economy is still strong compared to last year.

	January 2009	January 2010
CLOSINGS	974	1,033
Residential	821	821
Condominium	103	164

These numbers are significant because the unemployment rate hit an all time high of 9.4% in December. We will be watching the Fed, and whether they extend the tax credit OR extend the buying of the mortgage securities, any time in the next few weeks. As it stands, both expire.

If you are thinking of purchasing a home this year, this spring is the time to do it.

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Connie Harveyis a local agent with Prudential Woodmont Realty, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals.

Connie can be reached at 615-661-7800 x 1300 or at HarveyC@realtracs.

Follow her Blog: Nashville Tennessee Living