Home sales increase again in September

Another 20%+ month caps strong third quarter

There were 2,266 home sales in the Nashville area in September, an increase of 23.7 percent over the same month last year.

According to the Greater Nashville Association of Realtors, the Nashville-area closed the third quarter up 26.2 percent with 7,446 homes sold in the summer. Year-to-date sales are up 25.2 percent.

“Home sales have seen an increase every month this year,” said GNAR President Kendra Cooke. “And those increases result in strong third quarter and year-to-date numbers in Middle Tennessee — both up more than 25 percent. Also notable for September are more residential closings than all closings combined last September."

Time on the market has dropped 12 days to an average of 84 days from September 2011.

The median residential price for a single-family home during September was $175,000, and for a condominium, $153,900. Those numbers are up 7 percent and 6.2 percent, respectively.