Nashville: Home Sale Down Only Slightly
The Greater Nashville Association of Realtors (GNAR) recently released mixed numbers suggesting home sales in Middle Tennessee were down 1.3% from February 2006 but that the prices of homes and condos were rising.
The median price for a single-family residential home in February was $169,900. For a condo, $163,000. Last year’s median residential and condo prices sat at $164,900 and $145,000, respectively.
GNAR President Richard Courtney concludes from the data that the local market is maintaining its aggressive pace, stable and on track on track to break last year’s record breaking numbers.