In the Greater Nashville Area single-family home sales increased 1.6 percent to a seasonally adjusted annual rate of 4.38 million in October from 4.31 million in September, and are 13.8 percent higher than the 3.85 million-unit pace one year ago. The median existing single-family home price was $161,600 in October, which is 5.8 percent below October 2010.
Existing-home sales improved in October while the number of homes on the market continued to decline, according to the National Association of Realtors®. Total existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 1.4 percent to a seasonally adjusted annual rate of 4.97 million in October from a downwardly revised 4.90 million in September, and are 13.5 percent above the 4.38 million unit level in October 2010.
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Approximate Location Boundaries: Davidson County
Location Characteristics: Davidson County continues to grow economically as well as remain a main center for music. Boasting numerous restaurants, corporations, parks, museums, world-class sports and first rate musicians - Davidson County is a desitnation for many toursits, travellers and business executives.
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These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
