This Spring, and by Spring, I mean, from January 1, 2011, or even from December 27, 2011, has felt very active in the real estate market in Williamson County TN, Franklin TN, Brentwood TN and Spring Hill TN being the largest towns here. Showings have been up, contracts are being written. The Fall felt slow, though it was in line with recent years numbers. The Spring felt busy.
What do the numbers really say? Well, February turned out to be almost exactly the same as it has been for the last 4 years. March has seen some increase though and the volume appears to be similar to 2008, though the median and average price ranges are comparable and even a bit down compared to last year.
You can see the documentation for February here.
You can see the documentation for March here.
The February numbers for the Greater Nashville Association of Realtors are here. Their current press release is available here. The GNAR President Alice Walker has some good reminders to us of the changing loan environment we are still in. Loan costs, rates, and viable credit scores change all the time. The government is still changing the home buying environment and that creates a challenging atmosphere for making the best decisions.
For Buyers - there are still low interest rates, and house prices have opened up more options for your money. With the fluctuating stock market, investing in housing is investing in something tangible - that you can live in.