What's it Worth: May 2013

Our monthly look at four homes at different price points

Home sales in Nashville continue their improvement, having now seen gains for 20 straight months.

For example, the Greater Nashville Association of Realtors reported 2,780 home closings in April, a 27 percent increase over the figure for April 2012. The number of closings recorded in the first quarter of 2013 was 8,760, up 24 percent from the mark a year earlier.

The median residential price for a single-family home during April was $185,000; for a condominium, $163,800. This compares with last year’s median residential and condominium prices of $165,120 and $141,190, respectively.

Inventory in April was about 16,700 homes compared to roughly 19,600 homes in April 2013. With inventory dropping, the average time for a home to stay on the market is down to 76 days.

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