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April 9, 2007
Area home sales dip
Nashville area home closings fell 11% in March, compared to closings reported for the same period last year, according to the Greater Nashville Association of Realtors. The local trade group said there were 3,126 home closings last month, down from the 3,516 closings in March 2006.The median residential price during March was $173,400, up from $169,900 during the same period last year. While residential home sales dipped nearly 13%, condo sales increased 7%.GNAR President Richard Courtney said in a release, "In Greater Nashville, we have been very fortunate that home sales have been so strong over the past several years, despite national trends where numerous markets have slowed down significantly."To read more about the national housing market, click here for a summary of stories on the subject.
Posted by Paige Clancy
at 7:10 PM
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April 9, 2007
Area home sales dip
Nashville area home closings fell 11% in March, compared to closings reported for the same period last year, according to the Greater Nashville Association of Realtors. The local trade group said there were 3,126 home closings last month, down from the 3,516 closings in March 2006.The median residential price during March was $173,400, up from $169,900 during the same period last year. While residential home sales dipped nearly 13%, condo sales increased 7%.GNAR President Richard Courtney said in a release, "In Greater Nashville, we have been very fortunate that home sales have been so strong over the past several years, despite national trends where numerous markets have slowed down significantly."To read more about the national housing market, click here for a summary of stories on the subject.
Posted by Paige Clancy
at 7:10 PM
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Post a Comment
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