What's it Worth: December 2012

A look at recent area home sales at different price points

Area home closings continue to improve, according to Greater Nashville Association of Realtors figures.

GNAR reported 2,198 home closings in November, up 38 percent from November 2011.

The year-to-date figure at the end of November was 23,950 — up 27 percent from the first 11 months of 2011 — putting sales on pace to pass 25,000 for the year, a mark not achieved since 2007.

The median residential price for a single-family home during November was $179,900, and for a condominium it was $152,000. This compares with last year’s median residential and condominium prices of $167,500 and $158,690, respectively.

Inventory is down to eight months supply, with only six months for single-family homes. That's the lowest figure since 2006.

With these numbers as a backdrop, here are four recent sales at various price points.