3rd Quarter 2019 Home Sales Show Unprecedented Growth

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Breaking Market News
Third Quarter 2019 Homes Sales Showed 
Unprecedented Growth
Greater Nashville Realtors Association
NASHVILLE, Tenn. (Oct. 8, 2019)
 – There were 3,704 home closings in the Greater Nashville Region reported for the month of September, according to figures provided by Greater Nashville REALTORS®. This figure represents a 13.7 percent increase compared to the 3,258 closings in September 2018. 

Data for the third quarter of 2019 showed 12,030 closings, up nine percent from the 11,031 closings during the same period of 2018.

“Home sales stayed strong through the third quarter across Middle Tennessee,” said Greater Nashville REALTORS® President, Andrew Terrell. “The Greater Nashville area has proven to be very attractive for businesses relocating to the area, thus increasing the population of our region and fueling economic activity.”

“As we round out the third quarter, we have seen an over four percent increase in sales year-to-date. The market data for September showed a slight decrease in inventory compared to last year. The influx of sales volume likely caused the dip in inventory. It is critical to know; lower inventory does not mean a lack of inventory. Choosing to use a Realtor to navigate our thriving market will set buyers and sellers up for success on their homebuying and selling journey,” added Terrell.