Coming off the best year since 2007, Nashville-area home sales climbed again to start 2013.
The Greater Nashville Association of Realtors reported 1,634 home closings in the month of January, an 18 percent increase over January 2012.
"This is a very positive start to the year for Middle Tennessee home sales,” said GNAR President Price Lechleiter. "It is especially good news to see an increase of this number over January of 2012, which was up about 25 percent compared to 2011. The positive home sales trend into this year is very encouraging. In fact, we have not had more than 1,500 closings in January since 2008."
Every sector of the market showed strong year-to-year increases. Pending sales are up as well, with 1,968 sales pending, well ahead of the 1,615 in January 2012.
Prices are continuing their moderate uptick, too. The median residential price for a single-family home during January was $167,000, up about 6 percent from a year ago. For a condominium, the median price was $150,000 compared to $140,325.