KENNETH BARGERS | In The News

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

Greater Nashville 2016 Second Quarter Home Sales Continue Trend to Outpace 2015

leave a comment »

2016 Second Quarter Home Sales Continue Trend to Outpace 2015
Greater Nashville Association of REALTORS® | May 9, 2016

GNAR-225x100NASHVILLE, Tenn. (May 9, 2016) – There were 3,284 home closings reported for the month of April, according to figures provided by the Greater Nashville Association of REALTORS®. This represents an increase of 11.7 percent from the 2,940 closings reported for April 2015.

Year-to-date closings total 10,885. That is a 10.6 percent increase compared to the 9,844 closings reported through April 2015.

“As an industry we have started the second quarter with the same trends and increases we saw in the first,” said Denise Creswell, GNAR President. “Last October Forbes listed Nashville fifth on their list of cities Americans are flocking to. That’s easy to believe considering year-to-date sales are up 1,000 units compared to the same time period last year.

“Even as much of the country is experiencing gains in the housing market, Middle Tennessee’s diverse economy and progressive leadership keeps our region among the top 20 markets in the country,” said Creswell. “Our metro area was recognized by the Brookings Institute as the fifth best metro area for job growth over the past five years. A flourishing job market combined with low mortgage rates continues to sustain our market.”

There were 3,756 sales pending at the end of the month, compared to the 3,198 pending sales at this time last year. The average number of days on the market for a single-family home was 58 days.

The median residential price for a single-family home during April was $250,000 and for a condominium it was $193,473. This compares with last year’s median residential and condominium prices of $224,975 and $169,640, respectively.

Inventory at the end of April was 12,244, down from 13,521 in 2015.

“Inventory is the biggest challenge to our market. Low inventory contributes to the fast clip of homes entering and leaving the market, as well as housing affordability” said Creswell. “Decreased inventory levels combined with high buyer demand equals a seller’s market. Until there are more available properties on the market, median prices will continue to rise.

“Realtors have always stood in favor of making homeownership available to all who have the desire and ability to afford a home. Creating the desire isn’t difficult, but enabling those with the ability can be challenging because of the lack of quality and available homes in the affordable price range,” said Creswell. “Because of this, GNAR is excited about Mayor Barry’s commitment to increasing affordable housing units in Nashville. Hearing her list the Barnes Housing Fund as one of the items to benefit from our city’s success and revenue growth is a step we are headed in the right direction.”

Source: GNAR Press Release 050916

Kenneth Bargers, REALTOR® | Pilkerton Realtors
(615) 512-9836 cellular (615) 371-2474 office kb@bargers-solutions.com email
www.bargers-solutions.com web kennethbargers.com blog
2 Cadillac Drive, Brentwood Tennessee address

Need a home? visit Search for Properties
Do you need marketing assistance for special projects or contract assignments? visit the Marketing page of Bargers Solutions

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