Nashville home sales are down; agents across the country have been hit with a slow market epidemic and while this is nothing new if you watch the news, the slow market has finally reached the Middle Tennessee area.
According to the Greater Nashville Area Association of Realtors there were 1,748 home sales in October, a decrease of 29.7 percent from the 2,487 closings during October of last year. And, there were 21,581 closings year-to-date in 2008, a 27.7 percent decrease compared with the same period in 2007.
GNAR president, Mandy Watchtler said in an October Press Release: “The number of closing for October are down at a rate consistent with recent trends. The same is true for the median price of a home.” In 2008 there were 1,504 sales pending at the end of the month, compared with 2,428 pending sales at the same time last year. GNAR “Election and Financial Crisis Action May Prompt Future Home Sales Activity,” October 2008.
The DeSelms Team I RE/MAX Elite closed 23 properties in October of 2007 and 21 properties last month.
But, fear not Nashvillians. Now really is an excellent time to buy. If you are ready to start looking for a new home; call Andy Brown and The DeSelms Team. We would love to help you get started on your home search. The DeSelms Team can also help you choose a lender and make suggestions on loans. If you have been considering buying a home, give us a call and we will give you the education and tools you need in order to make your decision.
As a seller it is scary to hear that your home may not be worth what you think that it is, but our job is to make your home the best house in its competition. The DeSelms Team strives hard to selling homes quickly and for the most money possible. If you are in a position where you need to move visit www.BuyNashville.net. You can request information about our team.
If you have any questions about the site or the team’s services call The DeSelms Team directly at (615) 301-7878.
