The local news for the Nashville area is REALLY GOOD!! I have been seeing numbers (volume of sales) improve, probably due in part to the first time homebuyer's credit, and have been interested to see if they stay solid through June and into July. I have been looking over all the numbers this morning and am very encouraged. The links are below. The summary is that we are seeing volume increases of over 20% in the numbers of houses selling! The Williamson County numbers reflect that and so do the Greater Nashville numbers. July is looking like the increase may not be quite that high, but still upwards of last year. And the median and average prices are going up to. I think the higher prices do reflect a bit of a shift in luxury home prices. More luxury homes are selling and when you have properties upwards of $2,000,000 that can skew the numbers a bit. Bottom line is numbers moving up - not down. And that is good news.
The national news is discussing continued foreclosures, especially in the vulnerable states of FL, AZ, NV and CA. And we have foreclosures and short sales here too. They are part of the current climate. The good news is that they are selling - banks are becoming a bit more systematic in selling their inventory. And they are careful to not release too many at one time so as to help the market. That seems to be a good practice - for us here in Middle TN anyway.
For those of you who like to click to the links, click here for the numbers for June for Williamson County.
And here are the number for the Greater Nashville Area: Chart for 2010 and Monthly numbers.
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