Having open houses on a pretty day is a good way to meet the neighbors.
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Nashville real estate news from Larry Brewer at Benchmark realty
Sunday, February 27, 2011
Saturday, February 19, 2011
Untitled
Nashville Condos Sales for January were active with 101 closings, even though the weather in Nashville was some of the worst we had seen for many years. The average price on condos sold in Nashville for the month was $167,742 and the average size of Nashville condos sold was 1339 square ft. The market for Nashville condos has recovered significantly in the past year, but bargains are still available.
- 101 Nashville condos sold for the month of January
- the average sales price of condos sold in Nashville was $167,742
- average days on market was 100 days
- 154 Nashville condos are currently pending sale
- 1563 Nashville condos are currently listed in the Nashville MLS as available for purchase
Search for Nashville Condos Here
Wednesday, February 16, 2011
Nashville Home Sales Up 11 Percent
Nashville home sales for January 2011 had 918 home closings reported for the month,
according to the Greater Nashville Association of REALTORS®. This is a 11 percent from the 821 closings reported for January last year. The median residential price for Nashville single-family homes during January was $165,500 compared to $159,000 in January of 2010, an increase of 4 percent. Nashville homes inventory was 12,595 compared to 13,414 in January of 2010, an inventory decrease of 6.5 percent. All of these are very positive numbers for the Nashville real estate market and reflect a significant improvement in the market for single family homes.
- 918 Nashville homes closed in January an 11 percent increase over January of 2010
- the median sales price of Nashville homes sold was up 4 percent compared to 2010 at $165,000
- the inventory levels of single family homes in Nashville decreased 6.5 percent compared to the previous year
Nashville real estate is starting to heat up, so if you are planning to buy or sell Nashville real estate this is information you need to know. Search for Nashville homes here
Nashville Home Sales Increase 11 Percent
- 918 Nashville homes closed in January an 11 percent increase over January of 2010
- the median sales price of Nashville homes sold was up 4 percent compared to 2010 at $165,000
- the inventory levels of single family homes in Nashville decreased 6.5 percent compared to the previous year
Nashville real estate is starting to heat up, so if you are planning to buy or sell Nashville real estate this is information you need to know. Search for Nashville homes here
Saturday, February 5, 2011
Friday, January 28, 2011
Todays Mortage Information
Our country’s gross domestic product, grew 3.2% in the 4th quarter 2010, a touch below expectations of 3.6%. Consumer spending gave the number its biggest kick, up 3.0%. That component had the biggest gain in more than four years. The Employment Cost Index, another component of GDP, rose .4% which was the second smallest gain on record. Traders follow that number closely as it has a direct correlation to wage inflation. The University of Michigan Sentiment Survey was also released, dipping .3 to 74.2. The current conditions index did the trick, falling nearly 4 points as American’s question the need to purchase big ticket items. Market reaction to all of the above was not good for bonds or stocks in the early going. Since the open, bonds, notes, and mortgage backs have made a comeback with the 10 year note currently up 9/32’s (yield 3.35%) and mortgage backs unchanged (they were off 3 to 4/32’s in the early trade). Stocks are helping our cause, now off over 70 points on the big board
What does it all mean, 30 year fixed rate mortgages are still available below 5 percent, just barely.
Wednesday, January 26, 2011
Snow day
For the kids school is out, but I still get to show houses. It's really pretty and not so cold.
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