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Middle TN Home Sales Up Slightly in September 2017

Home sales are normally slow in September following the traditional spring and summer “buying season.”  However, compared to 2016, Nashville-area homes sales in September 2017 were up slightly compared to the previous year:

  • Homes sold in September 2016: 3,474
  • Homes sold in September 2017: 3,544
  • Percent difference: 2% increase

“For a month where home sales begin to slow, this past September turned out to be remarkable for our region,” Greater Nashville Realtors President Scott Troxel said in a release. “Middle Tennessee achieved the best performing month of September that we have on record. Yes, overall home sales are slowing down, as is typical for this time of year. But, the September success sends a strong message about the importance and attractiveness of homeownership.”

More numbers (Nashville area):

  • Residential closings, year-to-date: 30,792 (up 4.8% from 2016 YTD)
  • Average days on market: 27 days
  • Average single-family sales price: $280,000 (up from $256,900 in September 2016)
  • Average condominium sales price: $223,450 (up from $193,450 in September 2016