Home sales in Nashville continue their improvement, having now seen gains for 21 straight months.
For example, the Greater Nashville Association of Realtors recently reported 3,061 home closings in May, a 22.4 percent increase over the figure for May 2012.
The median residential price for a single-family home during May was $195,000; for a condominium, $166,900. This compares with last year’s median residential and condominium prices of $179,000 and $160,000, respectively.
Inventory in May was about 16,760 homes, a five-month supply given current sales rates. As inventory is dropping, the average time for a home to stay on the market is down to 73 days.
With these numbers as a backdrop, here are four recent sales at various price points.