The Kestner Team

The Greater Nashville Association of Realtors report for January:   “There were 1,033 home closings in Greater Nashville during January, representing a 6 percent increase from the 974 closings reported during January of 2009. Condominium sales were up considerably.

The median residential price in January was $159,000 for a single-family home and $154,550 for a condominium. That compares with median prices of $165,000 for both condominiums and residential in January of last year. There were 1,295 sales pending at the end of January, compared with 1,282 at the end of January 2009.”

These figures are only for the Greater Nashville Association.  There are several associations that make up all of Metropolitan Nashville.   The reports for December were also improved; therefore, we have two good months of increased sales and lower inventory!!!