Can you believe that 2013 is halfway over? School will be back in session in the coming weeks, summer vacations will wrap up and before you know it, we will be well on our way to 2014. The first half of 2013 was certainly positive for Nashville’s real estate market; if they continue on the same track, we will be in for a record-breaking year.
In the second quarter of 2013 there were 8,879 closings, a 24.4 percent increase from the 7,138 reported through the second quarter of 2012. Moreover, year-to-date closings for the Greater Nashville area are up 23.8 percent, with 14,859 closings reported thus far compared to the 11,994 closings reported through mid-year 2012.
According to the Greater Nashville Association of Realtors, June, second-quarter and year-to-date figures are all up more than 20 percent in comparison to the same periods last year. Home prices have peaked, too. The median price for a single-family home was reported to be $205,950 in June; above $200,000 for the first time ever. The previous high was $196,000 back in June 2007!
There is just no denying that the Middle Tennessee real estate market is hot (and busy) right now! To read more about Nashville’s real estate market and in-depth monthly real estate statistics month by month, see below.