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.