April 2010 Nashville Real Estate Market Analysis

May 18, 2010 by admin · View Comments 

The Middle Tennessee MLS (Realtracs) has reported April 2010 housing statistics. The following graphs and analysis are based on the greater Nashville residential single family homes and condos market only. Note: on April 30, the federal housing tax credit for first-time home buyers culminated giving rise to purchases that may have occurred later in the housing cycle. [...]

Real Estate Tax Credit Causes Nashville Homes Sales to Soar

April 9, 2010 by admin · View Comments 

Most real estate professionals would agree that the extended first-time home buyer credit has led to an increased level of purchase activity in Nashville. However, most tend to also believe that this activity has led us to a point when you can call the Nashville real estate market ‘recovered’. I can see why you may [...]

Don’t Believe the Nashville Real Estate Hype…Yet

March 9, 2010 by admin · View Comments 

I have read either this exact sentence or a very close derivation of it about a dozen times since the Greater Nashville Association of Realtors (GNAR) published the February 2010 home sales results: “Home sales are already at a frenzied level in the first month of the year so you better hurry! Inventories are at [...]

October 2009 Nashville Real Estate Market Analysis

November 11, 2009 by admin · View Comments 

The Middle Tennessee MLS (Realtracs) just released October 2009 stats. The adjacent graph and analysis are based upon the residential single family homes and condos market only. As you may recall in September, the number of closings and pending transactions took a hit, but inventory did burn off. Did October begin a trend of real estate market deterioration [...]

Nashville Housing Market Turning Corner?

October 9, 2009 by admin · View Comments 

If you believe that pending sales data represents a good indicator for future real estate closings and market confidence, you are probably feeling quite optimistic. In the year over year analysis of pending sales, you clearly see that the Nashville market has ‘turned that corner’, but you have to ask yourself, “what is driving these [...]

Average Tennessee Closing Costs Going Up

September 16, 2009 by admin · View Comments 

Bankrate.com recently conducted its annual national survey of average origination, title, and closing costs, for a representative $200,000 loan, assuming a 20 percent down payment and good credit. Nationwide, the average origination and title fees on a $200,000 mortgage this year totaled $2,732, according to Bankrate’s annual survey of closing costs. The fees in the [...]

August 2009 Nashville Real Estate Market Analysis

September 11, 2009 by admin · View Comments 

The Middle Tennessee MLS (Realtracs) just released August 2009 stats. The following graph and analysis are based upon the residential single family homes and condos market only. As you may recall in July, closings and prices increased while total inventory was on the fall. Did August continue to buck the national trend or is it time for [...]

Nashville Real Estate Market Analysis – July 2009

August 28, 2009 by admin · View Comments 

The Middle Tennessee MLS (Realtracs) just released July 2009 stats. The following graph and analysis are based upon the residential single family homes and condos market. As you may recall in June, closings dramatically increased over May’s numbers. Did July continue to make an impression? Total Inventory (Okay, Getting Better) Inventory levels continued to slightly [...]

Nashville Real Estate Market Report for June 2009

August 10, 2009 by admin · View Comments 

The Middle Tennessee MLS (Realtracs) just released June 2009 stats. The following graph and analysis are based upon the residential single family homes and condos market. As you may recall in May, closings were up over 80% from January. Did June continue at this break neck pace?   Total Inventory (Good, Getting Better) Inventory levels dropped slightly in [...]

May 2009 Nashville Real Estate Market Stats

June 10, 2009 by admin · View Comments 

The Middle Tennessee MLS (Realtracs) just released May 2009 stats. The following graph and analysis are based upon the residential single family homes and condos market. As you may recall in April, closings were up almost 65% from January. Did May continue breaking our expectations? Total Inventory (Good) Inventory levels continued a slight rise in [...]

Nashville Real Estate Market Report | February 2009

March 19, 2009 by admin · View Comments 

There were 1,267 home closings reported for the month of February, according to figures provided by the Greater Nashville Association of Realtors®. This represents a decrease of 33 percent from the 1,892 closings reported for the same period last year. There were 1,452 sales pending at the end of the month, compared with 2,183 pending [...]

January Home Sales Numbers For Nashville

February 10, 2009 by admin · View Comments 

For the first time since 1994, there were less than 1,000 closings in Nashville during the month of January. Only 984 properties closed during the month, a 40% decline from just one year ago. So, what is selling? Auctions. Check out some of the incredible deals on Nashville auctions. I know that this seems like [...]