HOME SALES MIDDLE TENNESSEE
According to figures provided by the Greater Nashville Association of Realtors, there were 3,869 homes sold in the month of June. That figure is up 1.7 percent compared to the 3,804 closings reported for June 2015.
Year-to-date closings for Greater Nashville are up 7.2 percent with 18,452 closings compared to the 17,206 closings reported through midyear 2015.
The median residential price for a single-family home during June was $260,148, and for a condominium it was $186,495. Last year’s median residential and condominium prices for June were $240,000 and $172,500 respectively.
Pending Sales and DOM
There were 3,876 sales pending at the end June, compared with 3,853 pending sales at this time last year. The average number of days on the market for a single-family home was 54 days.
Inventory at the end of June was 12,358, down from 13,823 in June 2015.