“Home sales during August increased 18.3 percent over August of last year. And, the total number of closings during the month exceeded 3,000, which is very encouraging,” said GNAR president Price Lechleiter. “Spring and summer are highly active times for home sales, but the start of the school year sometimes begins a seasonal downturn. The Greater Nashville market remains active and healthy, and the number of pending sales is cause to believe the trend is continuing. “As Middle Tennessee continues to receive positive attention, with businesses and families moving here, it’s resulting in more growth. Preparing for and managing that growth is critically important. Addressing key local and regional issues like transit and public education will be necessary if we want to continue enjoying the benefits of being a vibrant, attractive location.” A comparison of sales by category for August is: August 2012 August 2013 CLOSINGS 2,606 3,084 Residential 2,177 2,544 Condominium 299 351 Multi-Family 20 29 Farms/Land/Lots 110 160
Posted on: Wed, 11 Sep 2013 12:42:14 +0000
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