Know Your Current Market Conditions.

(Data as of December 2008)

 

The team at HomeSalesConsultants.com is please to provide you with the following “fast facts” regarding the Greater Nashville area real estate market conditions.

 


There were 1,422 home closings reported for the month of December, according to figures provided by the Greater Nashville Association of Realtors®. This represents a decrease of 32.5 percent from the 2,109 closings reported for the same period last year.

For the fourth quarter there were 4,413 closings in Greater Nashville, which represents a 35.6 percent decrease from the 6,856 closings during the fourth quarter of 2007

And, there were 24,246 closings year-to-date in 2008. That is a 29 percent decrease compared to the 34,221 closings reported through December 2007.

 

There were 1,250 sales pending at the end of the month, compared with 1,771 pending sales at this time last year.  The average number of days on the market for a single-family home was 91days. The median residential price for a single-family home during December was$163,750, and for a condominium it was $134,062.  This compares with last year’s median residential and condominium prices of $187,900 and $169,750, respectively.

 

 Inventory at the end of December was 21,274, up from 22,301 in December 2007.

* Source GNAR

 

As your real estate consultant we would be pleased to provide you with a free competitive market analysis report of a property of your choice or answer any questions you may have. The team of professionals at HomeSalesConsultants.com would also be honored to represent you and your best interest during your next real estate transaction. Simply give us a call at 615-425-3925 or e-mail us at answers@homesalesconsultants.com to schedule your free consultation.

“The Extra Degree of Service Because Your Move Matters.”