The Kestner Team

HOME SALES TOP 2,000 FOR SECOND CONSECUTIVE MONTH

Home sales in Greater Nashville exceeded 2,000 for the second month in a row, and there were over 2,000 sales pending for the third consecutive month. There were actually 2,214 closings, down just 11% from the 2,488 closings in July of 2008.

The median price of a single-family residence was $171,100 and for a condo it was $142,146. That compares with median prices of $179,995 and $162,900 respectively last year.

Inventory was down slightly from last year with 24,592 properties available in July of 2009, compared with 25,023 in July of 2008.

The current home sales data is being provided to you prior to release to the media later today. For additional details on current home sales activity in Greater Nashville, you can click here. And, you can click here for access to historical data.