Monday, August 10, 2020 09:18 AM

NASHVILLE HOME SALES REBOUND FROM PANDEMIC SLUMP, BUT CLOSING PRICES STILL DOWN - WMOT

NASVHILLE, Tenn. (Mike Osborne) -- The Nashville real estate market appears to be putting pandemic concerns in the rear-view mirror.

Home sales in the nine-county, Nashville Metro market rebounded sharply in July, according to data provided by the Greater Nashville Realtors Association.

The number of homes sold jumped 12 percent[1] over June. July closing were also up 12 percent over the same month last year[2].

Home sales were off sharply in April and May, but broken even in June, then climbed higher in July.

Metro median home values also tanked in late spring, losing $21,000 off the average sales price. Home values began rebounding in July, but are still off more than $15,000 from highs enjoyed earlier in the year.

The rebound in sales and home values can be attributed to the desirability of the Greater Nashville area, as well as low-interest rates and consumers relocating to Nashville as remote working options are more available," according to Great Nashville Realtors Association President Kristy Hairston.

References^ jumped 12 percent (www.greaternashvillerealtors.org)

News source: GOOGLE NEWS Nashville

See also: Trauger