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Nashville Real Estate Sales for May 2011

Nashvillel HomeNashville Real Estate Sales for May 2011 - 1,945 Nashville homes sold for the month of May, according to figures provided by the Greater Nashville Association of REALTORS®. This represents a 14.3 percent decrease from the 2,270 closings reported for May 2010. There were 2,023 sales pending at the end of the month, compared with 2,124 pending sales at this time last year. The average number of days on the market for a Nashville home was 93 days.

 The median residential price in May was $165,900 for a single-family Nashville home and $143,000 for a condominium. This compares with last year’s median residential and condominium prices $167,700 and $151,825, respectively. Inventory at the end of May was 22,514, down from the 24,007 reported in May of 2010.

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Published Thursday, June 16, 2011 8:02 PM by larry Brewer


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