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.

“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.

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