BREAKING: Region's Home Sales on Pace for Best Year Ever
Region’s Housing Market on Pace for Record Year in Sales
NASHVILLE, Tenn. (Oct. 9, 2017) – There were 3,544 closings reported for the month of September, according to figures provided by Greater Nashville REALTORS®. This represents an increase of 2.0 percent over the 3,474 closings reported for September 2016.
Third quarter numbers experienced a 3.5 percent increase from 2016 with 11,299 closings reported, compared to last year’s third quarter closings of 10,920.
Year-to-date closings for the Greater Nashville area are 30,792. That total is up 4.8 percent from the 29,372 closings reported through the third quarter of 2016.
A comparison of sales by category for September is:
A comparison of sales by category for the third quarter is:
|Q3 2016||Q3 2017|
A comparison of sales by category year-to-date is:
|YTD 2016||YTD 2017|
There were 3,292 properties under contract at the end of the month, compared to the 3,234 properties under contract at this time last year. The average number of days on the market for a single-family home was 27 days.
The median residential price for a single-family home during September was $280,000 and for a condominium, it was $223,450. This compares with last year’s median residential and condominium prices of $256,900 and $188,495, respectively.
Active inventory at the end of September was 9,358, down from 10,350 in 2017. The current inventory of properties by category, compared to last year, is:
View the September 2017 Market Data Infographic