June 2009 is the first time home sales in Greater Nashville have topped 2000 since September 2008. However we are still had 19.3% fewer closings than last June, according to the Nashville Association of Realtors. Over the last few months, the market looks positive. However, prices are still down over last year and the inventory has only slightly decreased,
"There are several encouraging signs in the current home sales data for Greater Nashville and Middle Tennessee," said GNAR President Mike Nichols. "There were more than 2,000 closings in one month for the first time since September of last year. There are more than 2,000 sales pending for the second consecutive month. And, the median price for a single-family home is down only three percent from where it was a year ago. These signs are early indications of what we hope will become positive trends for the coming months. It does seem that more people are again beginning to explore the possibility of home ownership."