The trend of positive real estate news continued yet again in May, a sure sign of a market that is ever-improving and strengthening. Both sales and pending sales increased in May, and the number of closings reported is the highest on record in four years.
“With increases in each category, and significant growth in both residential and condominium sales, this is the best month for closings in the region since May of 2008 – four years ago,” said Greater Nashville Association of Realtors (GNAR) President Kendra Cooke. “Median prices have increased since last year and more than 2,600 sales are currently pending. Combined, these numbers show that the Greater Nashville real estate market is continuing to stabilize, and even strengthen.