Hope this blog finds everyone having a great week! I just wanted to release some real estate information to you all. This is factual.
I just love how the media makes it out to be horrible across the US. In truth, the South isn’t doing too bad overall. Homes sales are down but not dramatically. We expected this. The mortgage industry has been so great for the last few years. Sooner or later it’s gonna change a little. Right? Check out the article below from GNAR (Greater Nashville Assoc of Realtors). As always, please let me know if you have any buying, selling, or general real estate questions!
HOME SALES DECREASE BUT
INCREASES IN PRICES AND INVENTORY POINT TO HEALTHY MARKET
Year-to-date closings for the Greater Nashville area are 24,778, down 9.2 percent compared to the 27,294 closings reported through mid-year 2006, which was the best year ever for regional home sales.
Inventory at the end of August was 22,396. That compares with an inventory of 16,670 at the end of August 2006. Current inventory of properties by category, compared to the same time last year, is:
The Greater Nashville Association of Realtors® is one of Middle Tennessee’s largest professional trade associations and serves as the primary voice for Nashville-area property owners and real estate professionals. REALTOR® is a registered trademark which March be used only by real estate professionals who are members of the National Association of REALTORS® and subscribe to its strict Code of Ethics.