This Week in Tennessee’s Real Estate News:
Nashville-Area Home Sales Continue Upswing
The Tennessean :: Written by Getahn Ward :: September 6, 2013
Nashville area home closings increased more than 18 percent last month, extending a streak of year-over-year gains, even as interest rates rose to a two-year high coming out of the peak summer selling season.
The median price for a single-family home jumped 10.8 percent year over year. But month over month, that price was down from June and July, following a similar pattern to last year.
Price Lechleiter, president of the Greater Nashville Association of Realtors, which released the monthly sales figures, said the fact that August was the fourth straight month of 3,000-plus closings was encouraging…
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Nashville Among Top U.S. Housing Markets
The Nashville Business Journal :: Written by Eric Snyder :: September 9, 2013
Nashville is one of America’s top 25 housing investment markets, according to a new report.
OwnAmerica, a real estate strategies firm based in New York, ranked Nashville as the No. 12 housing investment market in the country, using proprietary methodology that emphasizes market stability, economic development and local net yields.
Last week the Greater Nashville Association of Realtors announced that local home sales for the year through August are up 22.8 percent compared to…
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Williamson’s Median Home Sales Price is Highest on Record
The Tennessean :: September 9, 2013
FRANKLIN – The median home price in Williamson County continued to rise in August as the days the typical home was on the market continued to shrink, according to data from the Williamson County Association of Realtors.
The median price in August for a single family residential unit was $389,950 in August, an increase of 15 percent compared to August of 2012 and the highest August median on record.
Days on the market – 60 for a single-family home and 61 for a condo – were 23 percent lower in August 2013 compared to…