Real estate trends in Nashville continue to reflect the economic challenges that we face nationally. The Greater Nashville Association of Realtors is reporting that 2,031 homes were sold in June 2011. This is 16% down from June 2010 (2416 sales) and we are more than 12% down year to date. Although we are down, we have been fairly stable at this sales level all year. Many areas of the country are experiencing significantly more sales instability. Inventory levels continue to remain below last year. Prices are down slightly but may have stabilized over the last few months.
An economy on the rebound would be the best news for the Nashville and all other Real Estate Market. Nashville is well positioned for growth over next decade, but only if the economy cooperates. Do you think Nashville is ready to boom?