DECEMBER HOME SALES INCREASE OVER 13 PERCENT
Posted by Wesley Willoughby on Monday, February 22nd, 2010 at 1:52pm.
DECEMBER HOME SALES INCREASE OVER 13 PERCENT
4th Quarter Shows Significant Increase; Year-end Status Improves Dramatically From Mid-Year Conditions
There were
1,612 home closings in Greater Nashville during December, representing
a 13.3 percent increase from the 1,422 closings reported during December
of 2008.
During the
4th quarter there were 5,730 closings in the region, which is a 29.8 percent
increase over teh 4,413 closings in the 4th quarter of 2008.
And,
there were 21,183 closings at year-end for 2009, which
is 12.6 percent lower than the 24,246 closings for 2008.
The median
residential price in December of this year was $164,000 and for a
condominium the median price was $149,900. That compares with median prices of
$163,750 and $132,062 respectively in December of last year. And, there
were 1,339 sales pending at the end of December 2009, compared with 1,250 at
the end of December of 2008.
Inventory is
down to 20,774, compared with 21,274 in December of 2008. You can click
here for a copy of the news release with more detail on home sales for
December. And, you can click
here for access to information on home sales by county and historical
home sales data available on the GNAR website.
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