Nashville has been making headlines lately for more than just its country music reputation. While the housing market recovery is still growing slowly in other areas, it seems that 2013 marked a significant increase in home sales for Nashville. The Tennessean recently ran a full article highlighting 18.5% gain in home sales last year. We thought this would be a good time to look at a few of the most interesting statistics for last year:
In the Greater Nashville area, the average days on market went from 81 to 73.
From 2012 to 2013, there was an increase of 18.5% on the number of homes closed.
December Nashville Area home sales were up 13.7% for the month, an increase of 46.4%.
There were 2,441 closings during the month of December alone.
- these statistics provided by Greater Nashville Association of REALTORS
With all these positive numbers, it reinforces a positive outlook for the real estate market in Nashville for 2014, and we look forward to seeing what happens next.
We also celebrated the year end last month with 13 Reasons to Celebrate Nashville and the Real Estate Market in 2013. Be sure to let us know what you’re looking forward to this year by joining the conversation on Facebook, Twitter, and Pinterest.