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September Home Sales| Nashville Real Estate

There were 3,444 homes sold in the month of September, according to the figures provided by the Greater Nashville Association of REALTORS. September 2014 reported 3,122 closings, which is a 10.3% increase this year. Year-to-date closings for Greater Nashville area are on a 13.3% incline. This is reported from the 28,252 closings this year compared to the 24,942 closings through September of last year.

September 2014 September 2015
CLOSINGS 3,122 3,444
 Residential 2,541 2,839
 Condominium 384 408
 Multi-Family 28 21
 Farms/Land/Lots 169 176


“The double-digit increases in home sales for the third quarter and year-to-date are further proof of how strong the real estate market and the overall economy is in Middle Tennessee,” said GNAR President Cindy Stanton. “Every county covered in the report showed an increase in residential sales and median price, with most showing the same for their respective condominium markets. As a region we are nearly double the sales for the third quarter compared to the same period less than five years ago in 2011.”

There were 3,244 sales pending at the end of September and the average number of days on the market for a single-family home was 56 days. The average price for a single-family home during September was $236,866, and for a condominium it was $171,325. Last year the median for a single-family home was $211,400 and a condominium was $162,000. Inventory at the end of September was 13,141m compared to September 2014’s 15,182. See more here.

September 2014 September 2015
INVENTORY 15,182 13,141
 Residential 9,924 8,729
 Condominium 988 889
 Multi-Family 154 120
 Farms/Land/Lots 4,116 3,403

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