Nashville Real Estate – April Stats

HOME PRICES RISE; SALES DECLINE IN APRIL

There were 2,135 home closings reported for April, a decrease of 28.5 percent from the 2,989 clsoings reported for April of 2007. Year-to-date closings are at 7,989, down 28 percent from the 10,979 reported through April of last year. Inventory is at 24,670, compared to 20,129 in April of 2007.

The median price of a single-family residence was $180,000 and for a condo it was $162,000 compared to prices of $177,900 and $163,900 respectively last year. – GNAR

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