Information about the Greater Nashville Real Estate Market
Posted in Buying, Housing Market, Investing, Selling on Jul 10th, 2008
Well, it’s official now. The Tennessean and the Greater Nashville Realtor’s Association have acknowledged that we are in a slowing housing market. In an article on the front page of today’s paper, GNAR president Mandy Wachtler says “Probably, the prices are correcting”. The syntax of that quote suggests it may have been taken out of [...]
Posted in Buying, Housing Market, Investing, Selling on Jul 7th, 2008
A total of 722 single family homes were sold in Nashville during the month of June. This is a 26% decrease from last June’s activity. The average sale price slipped 6% to $241,228 while the median price dropped 3% to $176,000, compared to June 2007. Inventory is relatively unchanged from May but is about 10% [...]
Posted in Housing Market on Apr 8th, 2008
Sales of single family homes in Nashville moved along at the same pace they have for the past two months. 614 homes were sold which is about 80% of last year’s March sales, but prices are holding firm. The average sale price this March was $227,336 versus $201,361 last year, but those numbers are skewed [...]
Posted in Housing Market on Mar 14th, 2008
Sales of single family homes in Nashville loped along at about the same pace as January. Closings were about 19% below last February’s which is about the same level January was at compared to last year. The interesting aspect of February homes sales was that the average sale price for February, $203,450, was almost the same [...]
Posted in Foreclosures, Housing Market, Humor on Mar 9th, 2008
NBC Nightly News aired a story this evening about the mortgage crisis, and one way that some people are dealing with it. For $995, a company called You Walk Away will advise you how to keep the mortgage company from harassing you, and tell you how long you can legally stay in your house without making a [...]
Posted in Housing Market, Politics on Feb 13th, 2008
The Associated Press reports today that The National Association of Home Builders’ political action committee has decided to stop making contributions to candidates for Congress “until further notice.”The association said it was taking the action because lawmakers and the Bush administration, “have not adequately addressed the underlying economic issues that would help to stabilize the [...]
Posted in Housing Market on Feb 8th, 2008
January is in the record books, and sales figures for Nashville present a mixed bag. The total number of single family homes sold in Davidson County was down 20% from last January, but the average sold price edged up about 1% as did days on market which are up to 72.
Location is everything and a broad [...]
Posted in Housing Market on Jan 17th, 2008
Well the final numbers are in for 2007 and either we had the 4th best year on record, or sales are down 14.5%, or the median price is up 2.1% or it’s taking longer to sell homes… or just what the heck is going on? All of those statements are true according to the Greater [...]
