Greater Nashville Home Sales Post Double Digit Increase for Third Quarter

Greater Nashville Association of Realtors Report

NASHVILLE, Tenn. (Oct. 7, 2015) – There were 3,444 home closings reported for the month of September, according to figures provided by the Greater Nashville Association of REALTORS®. That number is up 10.3 percent from the 3,122 closings reported for the same period last year.
     Third quarter numbers have increased from 2014 with 11,046 closings reported, which is 15 percent higher than last year’s third quarter closings of 9,606.


     Year-to-date closings for the Greater Nashville area are 28,252. That total is up 13.3 percent from the 24,942 closings reported through the third quarter of 2014.
     “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.”

     “With so many factors remaining unchanged, we are confident the fourth quarter will be a favorable one for our housing market. A recent report from RealtyTrac showed that because of low interest rates and market conditions, buying the average home now is 48 percent more affordable than pre-recession in 2006,” said Stanton.

To read the rest of the report on GNAR's website click here.