The Kestner Team

According to the Greater Nashville Association of Realtors:

There were 2,145 home closings reported in Greater Nashville for the month of October, which represents a 22.7 percent increase over the 1,748 closings reported for October of 2008. It bears noting that there were more single-family homes sold in October of this year than all four reporting categories combined in October of last year. 

Inventory at the end of October was 23,398, compared with 24,043 in October of 2008. Single-family residential inventory is down significantly and is now in the range of about an 8-month supply - which is much more in balance than has been the case recently.