KENNETH BARGERS | In The News

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

Greater Nashville: Strong First Quarter Home Sales Set Foundation for Busy Sales Season

leave a comment »

Greater Nashville: Strong First Quarter Home Sales Set Foundation for Busy Sales Season
Press Release by Greater Nashville Association of REALTORS® | April 8, 2015

GNAR-225x100NASHVILLE, Tenn. (April 8, 2015) – There were 2,837 home closings reported for the month of March 2015, according to figures provided by the Greater Nashville Association of REALTORS®. This figure represents a 12 percent increase compared with 2,530 closings in March of 2014.

Numbers for the first quarter of 2015 were 6,904 closings, up 12 percent from the 6,166 closings during the first quarter of 2014.

“First quarter homes sales and the month of March are up double digits, despite a couple of rounds of harsh winter weather,” said GNAR President Cindy Stanton. “This is indicative of a market that is both vibrant and resilient.

“It is encouraging to see pending sales up over 3,000 units again, especially this early in the year. Our region hasn’t seen this for the month of March since 2007. Last year we didn’t reach 3,000 units pending until May. With those many units pending now, it is safe to say our area is primed for an active and prosperous spring and summer.”

There were 3,083 sales pending at the end of March, compared with 2,720 pending sales at this time last year. The average number of days on the market for a single-family home was 69 days.

The median residential price for a single-family home during March was $222,400 and for a condominium it was $171,831. This compares with last year’s median residential and condominium prices of $195,000 and $169,900, respectively.

Inventory at the end of March was 12,775, down from 14,894 in March 2014.

“We have officially entered the spring buying and selling season, as evidenced by the uptick in pendings and median sales prices,” added Stanton. “The current median price is near the prices we saw last summer. This early onset of that rise indicates higher market activity and serious consumers looking to buy now. Lower inventory, particularly in and around the first-time buyer market, is allowing owners of well-maintained and properly marketed homes the ability to sell for close to, if not at, list price.”

###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®, Press Release 040815

Bargers-Signature-Block

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

Hiaco

Ad, Sales & Marketing.

Rachel Being Chatty

Now featuring 15% more sarcasm.

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

Tales of whimsy, humour and courgettes

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

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