There were 1,851 home closings in Greater Nashville during March, representing a 21.6 percent increase from the 1,521 closings reported during March of 2009. This makes the sixth consecutive month of home sales increases in the Greater Nashville area. The number of pending sales also rose to 2,231 sales pending at the end of this March compared to 1,731 in March of last year.
There were 4,192 closings in the first quarter of 2010, up 11.4 percent over the 3,762 closings in the first quarter of last year.
The median residential price in March was $159,250 for a single-family home and $137,450 for a condominium. That compares with median prices of $158,000 and $155,704 respectively in March of 2009.
Inventory is up almost 1,000 units over last month at 24,123. This compares to 23,886 in March of 2009. You can click here for a copy of the news release with more detail on home sales for March, including first quarter numbers. And, you can click here for access to information on home sales by county and historical home sales data available on the GNAR website.
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