Cold January Put Damper On Nationwide Home Sales, But Not Nashville

1,779 homes were sold in January. While that’s in an improvement over the same month last year, it’s a decrease from the 2,441 sold in December. Image: Maggie Osterberg/Flickr

Freezing weather in January is expected to put a damper on home sales nationwide, but it didn’t in Nashville. Sales in the area increased, compared to the same month last year.

More than 1,700 homes were sold in January. The Greater Nashville Association of Realtors says that’s a nearly nine percent increase from the same month in 2013.

“Houses were moving pretty fast for people that were looking for them,” said Robert Schley. He started looking in December and just closed on a two story home in Cane Ridge. “This time of year, it seems like there’s not a whole lot on the market and what is on the market, people are trying to move them fast.”

The median price in the Nashville area was $195,000 in January, compared to $167,000 last year.

JANUARY HOME SALES SINCE 2007

2013-1,634

2012-1,377

2011-1,101

2010-1,033

2009-974

2008-1,644

2007-2,289

Source: Greater Nashville Association of Realtors