Nashville Housing Market Delivers Strong Second Quarter

Posted by Dwane Crews on Monday, July 17th, 2017 at 2:32pm.

Nashville Housing Market Delivers Strong Second Quarter

Nashville’s housing market is still performing well and we’ve got the numbers to prove it. The Greater Nashville Realtors report that there were 3,887 houses sold in June, a .4 percent rise since June 2016.

This second quarter has seen a significant increase in closings. In 2016, GNR recorded 10,851 closings. This year, they recorded 11,155 which means it increased by almost three percent. This year’s cumulative closings have also increased — up 5.6 percent. This year, so far, they’ve recorded 19,493 compared to 18,452 last year at this time.

“The second quarter was our housing market’s strongest on record,” GNR president, Scott Troxel, says in a release. “The last time our market performed this well in the second quarter was 2006, with 11,046 closings. We’re a few units short of being ahead of midyear 2006, but with half a year left for sales, I suspect we’ll come close to the 2006 record of more than 40,000 annual closings.”

“The data for June and second quarter home sales prove our market has the necessary stamina to continue forward,” he continues. “Even with challenges, buyer demand is still strong and homeownership remains a priority for many of our residents. Working with a realtor who brings knowledge, experience and professionalism to the transaction helps to remove any anxiety a buyer or seller may have about finding success in one of the country’s most thriving markets.”

Our Synergy Realtor Network agents are just the right agents to help make the buying or selling process easy and stress-free for you. 

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