The Nashville Area "Home Sales Consultants"

The team at HomeSalesConsultants.com is please to provide you with the following “fast facts” regarding the Greater Nashville area real estate market conditions.

There were 2,075 home closings reported for the month of September, according to figures provided by the Greater Nashville Association of Realtors®. This represents a decrease of 19.8 percent from the 2,587 closings reported for the same period last year.

There were 6,836 closings reported for the third quarter of 2008. That is a 26.5 percent decrease compared to the 9,265 closings reported in the third quarter of 2007.

And, there were 19,833 closings year-to-date in 2008. That is a 27.5 percent decrease compared to the 27,365 closings reported through September 2007.

There were 2,001 sales pending at the end of September, compared with 2,214 sales that were pending at the same time last year. The median residential price during September was $169,900 and for a condominium it was $148,500. That compares with median residential and condominium prices at this time last year of $182,291 and $162,500 respectively. The average number of days on the market for a single-family residence was 79 days.

Inventory at the end of September was 24,270. That compares with an inventory of 22,821 at the end of September 2007.