Concord Forest Roomy Ranch

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KENNETH BARGERS REALTOR® License 318311 | Pilkerton Realtors License 257352
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(615) 371-2474 office • (615) 371-2475 facsimile • 2 Cadillac Drive, Brentwood TN 37027 address

Fountainbrooke Beauty Coming Soon in Brentwood

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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

Buyer Demand Fuels Hot First Quarter for Middle Tennessee Housing Market

Buyer Demand Fuels Hot First Quarter for Middle Tennessee Housing Market
Press Release by Greater Nashville Association of REALTOR® | April 7, 2016

GNAR-225x100NASHVILLE, Tenn. (April 7, 2016) – There were 3,141 home closings reported for the month of March, according to figures provided by the Greater Nashville Association of REALTORS®. This figure represents a 10.7 percent increase compared to the 2,837 closings in March 2015.

Data for the first quarter of 2016 showed 7,601 closings, up 10.1 percent from the 6,904 closings during the first quarter of 2015.

“Home sales performed well in the Nashville area in March, rounding out a solid first quarter in the market,” said GNAR President Denise Creswell. “We experienced double-digit increases for both the month of March and the first quarter, compared to 2015. Each of the nine counties in our reporting area saw increases in residential sales for the quarter; all but one had increases in residential median price, as well.”

There were 3,285 sales pending at the end of March, compared with 3,083 pending sales at this time last year. The average number of days on the market for a single-family home was 64 days.

The median residential price for a single-family home during March was $245,000 and for a condominium it was $181,894. This compares with last year’s median residential and condominium prices of $222,400 and $171,831, respectively.

Inventory at the end of March was 11,951, down from 12,775 in March 2015.

“Spring is typically the official kickoff of the housing market’s busy season, however our market was busy way before that. Given the continued low interest rates and pent-up buyer demand, don’t expect a slowdown anytime soon,” said Creswell.

“According to the most recent jobs report, 215,000 jobs were added in March. Continued growth in the job sector boosts consumer confidence and adds more potential buyers and competition to the marketplace. All buyers should be prepared to act swiftly upon finding the right property and to face multiple offers in some situations. Working with a Realtor helps buyers to navigate our fast-paced market.”

### 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: GNAR Press Release 040716

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

Nashville’s February Home Sales Strongest in Nearly a Decade

Nashville’s February Home Sales Strongest in Nearly a Decade
Press Release by Greater Nashville Association of REALTORS® | March 7, 2016

HouseForSaleNASHVILLE, Tenn. (March 7, 2016) – There were 2,293 home closings reported for the month of February, according to data provided by the Greater Nashville Association of REALTORS®.

This represents an increase of 9.7 percent from the 2,091 closings reported in February 2015. Year-to-date closings through February 2016 are 4,460, a 9.7 percent increase from the 4,067 closings reported through February 2015.

“Growing consumer confidence, a gentle increase in inventory and a healthy economy all contributed to making February another solid month in home sales,” said GNAR President Denise Creswell. “Our region closed over 2,200 units last month. Like January of this year, February hasn’t been this strong since 2007.

“Several days of unseasonably warm weather certainly aided this month’s activity. Whether you believe the predictions of Punxsutawney Phil or not, Middle Tennessee’s real estate market is set to see an early spring,” said Creswell.

There were 2,735 sales pending at the end of the month, compared with 2,458 pending sales at this time last year. The average number of days on the market for a single-family home was 65 days.

The median residential price for a single-family home during February was $235,000, and for a condominium it was $174,380. This compares with median residential and condominium prices of $206,000 and $163,125, respectively, at this time last year.

Inventory at the end of February was 11,677, down from 12,445 in February 2015.

“Inventory crept up a little this month, and we expect it to tick up each month as we head towards the summer,” said Creswell. “Though inventory affects the market, other issues like transit options also matter to those looking to buy a home. Realtors encourage everyone to take the Nashville MTA/RTA’s ‘Decide Your Ride’ survey. Meaningful transit options help to maintain and elevate property values, which is a benefit for current and future homeowners.”

### 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®, GNAR Press Release 030716

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