December Home Sales|Nashville Real Estate

    There were 3,194 homes sold in the month of December, according to the figures provided by the Greater Nashville Association of REALTORS. December 2014 reported 2,838 closings, which is a 12.5% increase this year. Year-to-date closings for Greater Nashville area are on a 10.8% incline. This reported from the 36,873 closings this year compared to the 33,269 closings through December of last year.

    December 2014 December 2015
    CLOSINGS 2,838 3,194
     Residential 2,354 2,541
     Condominium 329 466
     Multi-Family 30 22
     Farm/Land/Lots 125 165

    “December proved to be a strong month for home sales in the Nashville area. This marks the strongest December home sales our area has experienced since closing 3,109 units in 2006,” said GNAR President Denise Creswell. “The number of pending sales is a good indicator for January. This is also the highest number of pending units, over 2,600, we have seen since 2006.”

    “It has been nearly a decade since our real estate market has seen this much activity and positive growth,” said Creswell. “We ended 2015 with 36,873 units closed. Again, that’s the most annual closings we have had since 2006. Staying on a sustainable growth track, coupled with continued good reports on the economy and job market should make this year another successful and favorable one for both current and potential homeowners.

    December 2014 December 2015
    INVENTORY 12,093 10,846
     Residential 7,623 7,059
     Condominium 721 633
     Multi-Family 116 108
     Farm/Land/Lots 3,633 3,046

     

    There were 2,678 sales pending at the end of December and the average number of days on the market for a single-family home was 61 days. The average price for a single-family home during December was $242,945, and for a condominium, it was $194,183. Last year the median for a single-family home was $213,500 and a condominium was $172,999. Inventory at the end of December was 10,846, compared to December 2014’s 12,093.”

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