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Nashville Home Sales Continue Climb in October

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The Nashville-area housing market has already surpassed the total number of home sales in all of last year. Realtors say closings improved by more than a third in October compared to 2011.

Closings have maintained a steady climb all year, but home prices have lagged.

This month, the median price for a single-family home was up $13,000 over October of last year and condo prices spiked $18,000. While the Greater Nashville Association of Realtors calls the improvement “welcome news,” there’s been no sustained upward trend in prices. And looking to last year, some months saw higher prices than anytime this year.

Still, GNAR calls the monthly report “especially encouraging,” and it appears the pace of transactions will continue given large numbers of pending sales.

Filed Under: WPLN News Tagged With: ,

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Blake Farmer, Host, This Is Nashville

Blake Farmer is the host of “This Is Nashville,” the flagship weekday show of Nashville Public Radio. Previously, Blake spent 16 years at WPLN News, serving as host, editor and news director. Before a two-year radio hiatus with a Nashville-based healthcare company, Blake was one of the country’s most prolific healthcare audio journalists. He produced stories for both local and national programs, extending the reach of his reporting through a partnership with KFF Health News. Outside of work, Blake can be found running or biking on roads that other Nashvillians consider too busy for such activities. So far, he has always made it home to his wife of 20 years and two children.

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