Chattanooga Softball Gets Alabama Regional With Alabama, Stanford, Murray State

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


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Hannah Muller has been promoted to development and faith relations manager for Habitat for Humanity of Greater Chattanooga. She previously served as volunteer engagement manager. Mrs. Muller ... (click for more)

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Last week, Greater Chattanooga Realtors joined more than 9,000 realtors from across the nation in Washington D.C. Our purpose was to further our work with Congress to advance policy initiatives ... (click for more)



Real Estate

Muller Named Development And Faith Relations Manager For Habitat For Humanity Of Greater Chattanooga

Hannah Muller has been promoted to development and faith relations manager for Habitat for Humanity of Greater Chattanooga. She previously served as volunteer engagement manager. Mrs. Muller is a graduate of Virginia Commonwealth University and has previous Habitat experience with Habitat for Humanity of Greater Nashville. She has been with the Chattanooga affiliate of Habitat ... (click for more)

Hotel In Chattanooga Lookout Mountain West Sells For $4.3 Million

The Days Inn by Wyndham at 3801 Cummings Hwy. in Chattanooga was sold to Laxmiben Champaklal LLC by Lookout Motels Inc. for $4,300,000. (click for more)

Breaking News

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Election Integrity

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Roy Exum: "Miss Mary Frances"

I have written dozens of obituaries in my life and eulogized many people. I am not ashamed to admit I think I am good at it and I am flattered when a friend’s family approaches me to ask for my help. I have written a number of obituaries on those who are still alive who want to “proof-read” what will be turned into the funeral home and I have honored death-bed requests that this ... (click for more)