So what was the word for Nashville residential home sales in 2012?
In Davidson County, the number of homes sales was up for the 2nd straight year.
This is no mean feat when you consider that the number of closings declined almost 50% from 2006 (10,536) to 2010 (5,457). In 2011, sales began to climb for the first time in four years.
There were 7,169 closings in 2012, a far cry from the 2006 peak, but moving in the right direction.
The real estate market was also ailing in Williamson County only a few years ago. The number of closings declined by more than half from 2006 to 2009. Here too the trend has recently reversed with the number of sales up for the 3rd year.
In Williamson County, there were 3,731 closings in 2012. This is almost 24% fewer sales than in 2006, but again the trend is positive.
All in all, a good year in our corner of the world.
What does this mean for you?
If you’ve been sitting on the sidelines, get out on the field already!
(I can’t believe I just used a sports analogy, but it seemed apropos.)