Home Sales In Nashville Reach Historic High Once Again

Friday, August 7, 2020

There were 4,703 home closings in Nashville reported for the month of July according to figures provided by Greater Nashville Realtors. This figure is up 12 percent from the 4,189 closings reported for the same period last year.    

“Homes sales continue to rise in the Greater Nashville region,” said Kristy Hairston, Greater Nashville Realtors president. “It’s encouraging to see these numbers continue to rise despite the constant change in our economy.

In June, we started to see the market stabilize, and with the data we have today, it’s clear people continue to desire the Greater Nashville area as a prime destination for housing. Some of the factors contributing to the growth are, low-interest rates and consumers relocating to Nashville as remote working options are more available."

A comparison of sales by category for July is:  

2019

2020

CLOSINGS

4,189

4,703

Residential

3,517

3,953

Condominium

479

506

Multi-Family

24

27

Farms/Land/Lots

169

217

There were 4,192 sales pending at the end of July, compared to 3,483 pending sales at this time last year. The average number of days on the market for a single-family home was 32 days.

The median price for a residential single-family home was $344,420 and for a condominium it was $239,900. This compares with last year’s median residential and condominium prices of $316,000 and $227,000 respectively.

Inventory at the end of July was 8,962, down from 11,550 in July 2019. 

The current inventory of properties by category, compared to last year, is:

2019

2020

INVENTORY

11,550

8.962

Residential

8,244

6,209

Condominium

916

990

Multi-Family

65

46

Farms/Land/Lots

2,325

1,717


Tom Schreiner Named Club Manager At McLemore On Lookout Mountain

Real Estate Transfers For Feb. 11-17

County Commission Votes To Deny Permit For Sale Creek Apartment Project


Tom Schreiner has been named club manager at the McLemore golf course and resort on Lookout Mountain. Mr. Schreiner has over 30 years’ experience in operations in both profit and nonprofit ... (click for more)

NOTICE: The Hamilton County Register’s Office did not publish this data. All information in the Register’s Office is public information as set out in T.C.A. 10-7-503. For questions regarding ... (click for more)

After some debate, the Hamilton County Commission voted to deny a special exception permit for a planned apartment complex in Sale Creek. The controversy surrounded being able to develop apartments ... (click for more)



Real Estate

Tom Schreiner Named Club Manager At McLemore On Lookout Mountain

Tom Schreiner has been named club manager at the McLemore golf course and resort on Lookout Mountain. Mr. Schreiner has over 30 years’ experience in operations in both profit and nonprofit industries. Since 2004, he has served as the director of business operations at Covenant College on Lookout Mountain and has been responsible for all auxiliary businesses of the college, including ... (click for more)

Real Estate Transfers For Feb. 11-17

NOTICE: The Hamilton County Register’s Office did not publish this data. All information in the Register’s Office is public information as set out in T.C.A. 10-7-503. For questions regarding this report, please call Chattanoogan.com at 423 266-2325. GI numbers, listed when street addresses are not available, refer to the location of transactions (book number and page number) in ... (click for more)

Breaking News

Cleveland, Tn., Man Charged In Capitol Riot Appears In Chattanooga Federal Court

A Cleveland, Tn., resident appeared in Chattanooga Federal Court on Tuesday on charges that he took part in the Capitol riot on Jan. 6. Joseph Lino "Jose" Padilla is facing charges in connection with the attack during a session of Congress. His attorney, Lee Davis of Chattanooga, said, " Our office represents Joseph Padilla. Mr. Padilla had his initial appearance in Federal ... (click for more)

Health Department Announces Additional 1st Dose COVID-19 Vaccine Appointments; For Phases 1a1, 1a2, 1b And Adults 65+

The Hamilton County Health Department has added a total of 4,360 new first dose Pfizer appointment opportunities to the schedule. · Feb. 26 & March 5 at Tennessee Riverpark · March 2, 5 & 6 at CARTA Bus Barn People in the eligible phases (1a1, 1a2, 1b and adults 65+) are encouraged to visit https://vaccine.hamiltontn. gov/ and make their appointment online. Those ... (click for more)

Opinion

I Threw Social Media To The Wind And Couldn't Be Happier

Two weeks ago I did something monumental. I deleted all of my social media accounts. Facebook, Twitter, Instagram, and TikTok (yes I had TikTok) are all gone. Why? Because today I choose to live my life based on what brings me joy. When I realized that social media invited more dread than joy I knew what I had to do. Life’s moments really, really matter and looking at a screen ... (click for more)

Roy Exum: Our Flag At Iwo Jima

This morning marks the 76 th anniversary of the sun coming up on Mount Suribachi and, as it lit the dawn, every warrior in one of the most merciless battles in the Pacific theater could see the American flag on the crest of the 554-feet-tall hill. The battle to secure the island was perhaps the most intense fighting in World War II. Almost 7,000 Marines and Navy Seabees were ... (click for more)