According to a recent market done by Greater Nashville REALTORS®, there were 4,649 home closings reported in the month of June. This report shows an 11% increase over last year. 1
Data for the second quarter of 2021 has shown a total of 12,831 home closings, an increase of 24% from 2020!
The sales of residential condominiums have also increased by 11%. Last year had 3,478 condo sales compared to 3,746 sales this year.
The Greater Nashville REALTORS® 2021 midyear report shows 17,689 closings this year compared to 16,021 last year.
While closings and sales have increased in Nashville, inventory has yet to take off. Inventory at the end of June was 4,615 down from 9,682 in June 2020.
The current inventory of residential condos in Nashville is only 546 units, down by 50% from 1,001 units in 2020.
CA South plans to build more condominiums with Eve – 28 condo units delivering first in early Fall.
To keep up with CA South’s construction activity sign up for our newsletter for quarterly updates at; casouthdevelopment.com
1 https://williamsonsource.com/closings-see-major-increase-despite-low-inventory/