March Home Sales Numbers!

The latest Home Sales figures for March 2012 have been released by the Greater Nashville Association of Realtors. There were 1,973 during March 2012 as compared to 1,673 in March of 2011. That represents an increase of 17.3% over the same period a year ago.

In the first quarter of 2012, there were 4,855 closings compared to 3,908 in the first quarter of 2011. This shows an increase of 24.2% from a year ago.

The number of Pending sales, those currently under contract awaiting a closing, remains above the level of the same time last year which means the trend should continue in the coming months.

This continues to show that the Nashville and surrounding area real estate market remains very strong and gaining back some of the momentum of years past.

Inventories of Homes For Sale is slightly lower than it was a year ago.

It remains somewhat of a “Buyer’s Market”, but this could change if the trends continue.

For more information about this market or help Buying or Selling real estate in Middle Tennessee, give me a call (615-804-9999) or send me an e-mail. You will be amazed at what kind of time and effort I can save with your local real estate experience!