Nashville’s real estate market is continuing to be hot this year. February showed yet another increase in home sales for the Tennessee capitol.
According to Greater Nashville Realtors data, there were 2,507 closings in February. That’s nearly 100 more closings than Nashville saw in January and, according to Nashville Business Journal, that’s a 9.3 percent increase from last year at this time. That’s a great thing for Music City — and we could have the weather to thank.
“Spring is in the air and in the real estate market. A few days of warmer temperatures helped our region finish strong in February, closing over 2,500 units,” the Greater Nashville Realtors president Scott Troxel explained.
February’s closings included 2,038 residential sales, 286 condos, 39 multi-family homes and 144 plots of land. The residential homes sold for an average of $258,950 while condos closed at an average of $192,400. Those averages have significantly climbed where the prices were at the same time last year. See the full report at Greater Nashville Realtors.
The Nashville housing market is hot this year and, if things continue this way, it will only get hotter. There’s never been a better time to make an investment in Music City and your favorite Synergy Realty Network agent can help you make the first move. Give us a call today at (615) 371-2424.