Nashville real estate sales were down in January compared to 2007. No surprise here, we've been hearing the bad news for months now. What you don't hear is that the prices were up 4 percent this year compared to last year. So for all of the shoppers out there looking for a Blue Light special, I'm sorry, it's probably not going to happen. Even though sales are down 28 percent in volume, sellers in general are not in a panic. The average days on market is 78 which is still very good historically.
The 1,644 home closings in January represents a decrease of 28 percent from the 2,289 closings reported for the same period last year.
The median residential price during January was $179,900 That compares with last year of $172,900.
Inventory levels were up 27 percent to 21,952.
This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Keller Williams Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Williamson county, and the middle Tennessee area.
Comments(0)