According to new data from Greater Nashville Realtors, home sales in the Nashville area last month jumped 9.4 percent compared to November 2018.
In all, this past November saw 3,232 closings, which was up from 2,954 closings during November of last year.
The increase is especially encouraging given single-family home prices are also up in addition to sales. Also according to Greater Nashville Realtors, the median price for a single-family home in November was up from $295,000 last year to $322,500 this year. Condo prices were also up from $221,900 to $242,900.
Although the housing market in 2019 has been a little bit slower overall, Nashville has clearly had a busier fall season and is on pace to close out the year strong. Closings in October were also up a whopping 16 percent compared to 2018’s numbers, and with continued job growth expected and mortgage rates still low, the spring market is projected to be robust.