November Home Sales| Nashville Real Estate

    There were 2,397 homes sold in the month of November, according to the figures provided by the Greater Nashville Association of REALTORS. November 2014 reported 2,474 closings, which is down 3.1% this year. Year-to-date closings for Greater Nashville area are on a 6.9% incline. This reported from the 33,679 closings this year compared to the 30,431 closings through November of last year.

    November 2014 November 2015
    CLOSINGS 2,474 2,397
     Residential 2,085 1,986
     Condominium 248 248
     Multi-Family 23 13
     Farm/Land/Lots 118 150

     

    “With another full month to go, Middle Tennessee home sales have already exceeded those of 2014,” said GNAR President Cindy Stanton. “Even with a slight dip in year-over-year sales, our market continues to thrive.”

    There were 2,516 sales pending at the end of November and the average number of days on the market for a single-family home was 58 days. The average price for a single-family home during November was $231,925, and for a condominium, it was $178,002. Last year the median for a single-family home was $215,000 and a condominium was $165,256. Inventory at the end of November was 12,433, compared to November 2014’s 13,715.

    November 2014 November 2015
    INVENTORY 13,715 12,433
     Residential 8,694 8,198
     Condominium 902 807
     Multi-Family 149 115
     Farm/Land/Lots 3,970 3,313

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