J. Dudley Schiel

Thursday, October 7, 2010

September Home Sales Report

There were 1,567 homes sold in the month of September, which is a 19 percent decrease compared to the 1,935 closings reported in September of 2009. Year-to-date closings are at 15,929, which is a 3 percent increase over the 15,453 closings reported through September 2009.

Median prices for both single-family homes and condominiums showed an increase. The median price of a single-family residence was $171,820 and for a condominium it was $155,000. By comparison, the median price of a single family residence in September of 2009 was $160,000 and for a condominium it was $142,500.

Source: Greater Nashville Association of Realtors

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