May Housing Stats

HOMES SALES DECREASE; MEDIAN PRICES REMAIN STEADY IN MAY

There were 2,508 home closings in Greater Nashville in May. That represents a decrease of 28.4 percent from the 3,503 closings in May of last year. Year-to-date clsoings are 10,406, which is a decrease of 28.1 percent form teh 14,482 for the same period last year.

Median prices for residential and condominiums sold in May are $189,975 and $159,000 respectively. The median prices in May of 2007 were $185,405 for residential and $160,334 for condominiums.

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