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Nashville Home Prices Stable Despite Decrease in November

From the Greater Nashville Association of Realtors recent press release…

1,326 homes sold in November, resulting in a 32.8 percent decrease compared to the 1,973 closings reported in November of 2009. Year-to-date closings are at 18,750, which is a 4.2 percent decrease compared to the 19,571 closings reported through November 2009.

Median price for single-family homes showed an increase again in November, with condominium prices decreasing.  The median price of a single-family residence was $165,000 and for a condominium it was $137,500.  By comparison, the median price of a single family residence in November of 2009 was $158,500 and for a condominium it was $144,400.

Read the full press release on Nashville Home Sales in November.

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