HOME SALES SOAR AS SPRING TURNS TO SUMMER

HOME SALES SOAR AS SPRING TURNS TO SUMMER

There were 4,172 home closings reported for the month of May according to figures provided by Greater Nashville REALTORS®. This figure is up 10 percent from the 3,767 closings reported for the same period last year.

There were 3,940 sales pending at the end of May, compared to 3,575 pending sales at this time last year. The average number of days on the market for a single-family home was 32 days.

The median price for a residential single-family home was $318,000 and for a condominium it was$232,000. This compares with last year’s median residential and condominium prices of $299,900 and $226,000 respectively.

Inventory at the end of May was 11,576, up from 10,912 in May 2018.

There were 3,940 sales pending at the end of May, compared to 3,575 pending sales at this time last year. The average number of days on the market for a single-family home was 32 days.

The median price for a residential single-family home was $318,000 and for a condominium it was $232,000. This compares with last year’s median residential and condominium prices of $299,900 and $226,000 respectively.

Inventory at the end of May was 11,576, up from 10,912 in May 2018.

Source: Great Nashville Realtors