The Greater Nashville Association of REALTORS reports, 40,056 homes were closed in 2006, representing a 3 percent increase from the 38,874 closings reported for 2005.
"There were 3,109 closings during the month of December. This is a 7.5 percent decrease from the 3,362 closings reported for the same period in 2005, but it is the second highest number of homes ever sold in the month of December.
Fourth quarter closings are 9,307 for Greater Nashville. That total is down 2.6 percent from the 9,563 closings during the fourth quarter of 2005, but still the second-best fourth quarter on record.
There were 2,474 sales pending at the end of December, compared with 2,623 pending sales at this time last year. The average number of days on the market for a single-family home was 65 days.
The median residential price for a single-family home during December was $184,562, and for a condominium it was $173,840. This compares with last year's median residential and condominium prices of $174,900 and $168,275, respectively.
Inventory at the end of December was 15,815, up from 12,763 in December 2005."
Real Estate sales in Nashville have remained very strong. With some slow down in other parts of the country, homes are staying on the market a little longer but they are selling. It is therefore a good time to buy and sell real estate in Metro Nashville. For more information about property sales in Nashville or surrounding counties call toll free 888-922-8317 or email me http://mailto:Marilyn@MarilynTheRealtor.com.
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