KENNETH BARGERS | In The News

Realtor, Tennis Player, Titans & Vols Fan, Nashvillian… Live! Work! Play! in Middle Tennessee

Nashville’s October 2011 Home Sales Continue to Show Positive Trend…

leave a comment »

GREATER NASHVILLE HOME SALES INCREASE FOR FOURTH CONSECUTIVE MONTH

NASHVILLE, Tenn. (Nov. 9, 2011) – There were 1,728 home closings reported for the month of October, according to figures provided by the Greater Nashville Association of REALTORS®. This figure is up 15.6 percent from the 1,495 closings reported for the same period last year.

Year-to-date closings through October are 17,259, a less than 1 percent decrease from the 17,424 closings reported through October 2010.

“October marks the fourth consecutive month of increased sales for Middle Tennessee,” said GNAR President Alice Walker. “The purchases resulting from the tax credit incentive last year were all completed by the September deadline, so the comparison of closings is now a clean comparison.

“Greater Nashville continues to receive positive attention and accolades that makes the region increasingly attractive to both corporations and families. Many of these new residents are coming from markets highly affected by the economic downturn. While single-family and condominium prices are down from last year, it’s still a single-digit difference. Newcomers seem pleased with buying opportunities, both in inventory and price, available to them here in the Middle Tennessee area.”

There were 1,742 sales pending at the end of the month, compared with 1,439 pending sales at this time last year. The average number of days on the market for a single-family home was 92 days.

The median residential price for a single-family home during October was $162,000, and for a condominium it was $139,515. This compares with last year’s median residential and condominium prices of $173,525 and $152,950, respectively.

Inventory at the end of October was 20,165, compared to 22,826 in October 2010.

“Even though overall inventory is marginally down, pending sales are also up again for October,” added Walker. “Entering the holiday season, where home sales typically slow down, continued increases in pending transactions are a positive sign for a stabilizing market. Also, for those with their homes on the market, it is helpful to know that buyers using their time to look for a home during this season are usually quite serious.”

The Greater Nashville Association of REALTORS® is one of Middle Tennessee’s largest professional trade associations and serves as the primary voice for Nashville-area property owners. REALTOR® is a registered trademark that may be used only by real estate professionals who are members of the National Association of Realtors and subscribe to its strict code of ethics.

Source: Greater Nashville Association of REALTORS®; Blog distribution provided by Kenneth Bargers and Bargers Solutions, a proud member of Pilkerton Realtors, residential real estate services located in Nashville, Tennessee

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

MovieBabble

The Casual Way to Discuss Movies

The Ninth Life

It's time to be inspired, become encouraged, and get uplifted!

MovieBabble

The Casual Way to Discuss Movies

The Shameful Sheep

shit storms, shame, and stories that make you cringe

Autoindigo Blog

Fresh news about automotive world. Cars overviews written by experts, pros and cons, features, performance, safety, interior and driving.

Little Fears

Flash fiction tales of humor, horror and whimsy

www.virtual-reality-shop.co.uk/

VR, AR, 3D and Video Glasses Reviews

Woodstock Business Welcome

Welcome Wagon Canada

Blookup Blog

Turn and print all your digital contents, blogs and social networks into amazing real paper books on blookup.com

nalinidesignprofile

Graphic Designer

Sableyes

Sabbles woz 'ere

518-songofmypeople

A town everyone hates, yet no one leaves...

Attila Ovari

Loving Life and Inspiring Others

Augusta Littleton

Nonprofits and Charities

The Home Buyer Class Blog

What to know when buying a home

The Contractor's Cabinet

A Blog On Construction & More

Gamintraveler

Love, Travel Lifestyle and Destinations

realtracs.wordpress.com/

News and Information From RealTracs Solutions

kelzbelzphotography

My journey - The good, bad and the ugly

antryump

"A Blog worth reading "

john pavlovitz

Stuff That Needs To Be Said

Smart Discount Shop

Discover all the creative and ingenious ways to save money !

playwithlifeorg

4 out of 5 dentists recommend this WordPress.com site

ultimatemindsettoday

A great WordPress.com site

Vonj Productions

Bringing you love through spirit!

The Dystopian Nation of City-State

A cruel, futuristic vision created by science fiction authors James Courtney and Kaisy Wilkerson-Mills. ©2013-2016. All Rights Reserved. All writings available through Amazon.

Bubba Pigg

South' s Leading Anti- Intellectual: Wealthy in Common Sense and the Wisdom of Selfishness

@TheTexasBroker Blog

Real Estate Sales Houston Texas

The Travelling Pantry

Adventurous, Honest and Wholesome

Top 10 of Anything and Everything!!!

Animals, Gift Ideas, Travel, Books, Recycling Ideas and Many, Many More

meganelizabethmorales

MANNERS MAKETH MAN, LOST BOYS FAN & PERPETAUL CREATIVITY.

William the butler

Serving drinks since 1985

lauraagudelo272

This WordPress.com site is the bee's knees

Plutonium™ Paint

Ultra Supreme Professional Grade Aerosol Paint

Levi's Daily Thoughts

For I know that my Redeemer lives Job 19:25

Covered in Beer

by Thomas Cochran, Known Moron

Natalie Breuer

Natalie. Writer. Photographer. Etc.

Post it Notes from my Idiot Boss

delivered directly to my computer monitor on an all too regular basis...

Late Blooming Entrepreneurs

Making it big in business after age 40

timscribbles.com

automotive culture