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2021 Home Buyers and Sellers Generational Trends Report (pdf)Download
2020 NAR Profile of Home Buyers and Sellers (pdf)Download
2020 Down Payment Expectations and Hurdles to Homeownership Report (pdf)Download
2020 Snapshot of Race and Home Buying in America (pdf)Download
2019 Fire Loss in the United States (pdf)Download
2019 United States Fire Death Rate by State (pdf)Download
HOME SALES RISE LEADING INTO SUMMER
NASHVILLE, Tenn. (June 8, 2021) – Data for the month of May showed 4,063 home closings, according to figures provided by Greater Nashville Realtors. This figure indicates a 24 percent increase from the 3,267 closings reported for the same period last year.
“This type of increase shows how quickly our area’s home inventory is going under contract and closing," said Brian Copeland, Greater Nashville Realtors president. "Buyers must remember, there are great homes out there. You can’t sit on the sidelines as prices and interest rates rise, but you have to make quicker decisions than prior markets.”
There were 3,778 sales pending at the end of May, compared to 4,085 pending sales at this time last year. The average number of days on the market for a single-family home was 35 days.
The median price for a residential single-family home was $400,000 and for a condominium, it was $277,900. This compares with last year’s median residential and condominium prices of $329,900 and $225,000 respectively.
Inventory at the end of May was 4,308 down from 10,001 in May 2020.
“The lack of inventory is staggering. Realtors are doing everything we can to bring fresh properties to the marketplace. I encourage every homeowner to reach out to their Realtor to see what their home could potentially sell for. We rarely see prime selling windows like this one,” added Copeland.
June marks National Homeownership Month, which recognizes the value of homeownership to individuals, families, communities and the nation’s economy. Realtors are on a mission to protect homeownership rights for all consumers, That’s Who We “R,” Realtors.
About Us: Greater Nashville REALTORS® is one of Middle Tennessee’s largest professional trade associations and serves as the primary voice for Nashville-area property owners. REALTOR® is a registered trademark that may be used only by real estate professionals who are members of the National Association of REALTORS® and subscribe to its strict code of ethics.
The data collected for this release represents nine Middle Tennessee counties: Cheatham, Davidson, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson and Wilson.
Sales Dip in April 05212021
NAR: Home Prices Soar Nationwide 05112021
Pending Home Sales Dip in February 03312021
Where New Construction is Taking Off 03292021
McMansion Comeback 03152021
Seller Net Worksheet (contact Kenneth for excel document)
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all information deemed to be accurate but not guaranteed; Buyer's/Seller's Agent to verify all pertinent information
Kenneth Bargers, REALTOR®, a proud member of Pilkerton Realtors
(615) 371-2474 | 2 Cadillac Drive, Brentwood TN 37027
Middle Tennessee Residential Real Estate Resources