Thursday, January 11, 2007

Does the media really think home sales were down in 2006? Apparently they did with all the negative talk. Here are some numbers for them to chew on.

Latest Press Release from the GNAR:

Year-to-date closings are 40,056. That total is an increase of 3 percent from the 38,879 closings reported through the same period last year. This represents a new record for home sales in Greater Nashville during any one year.

There were 3,109 home closings reported for the month of December, according to figures provided by the Greater Nashville Association of Realtors®. This represents a decrease of 7.5 percent from the 3,362 closings reported for the same period last year.

For the fourth quarter of 2006 there were 9,307 closings. That total is down 2.6 percent from the 9,563 closings reported through the same period last year.

"Nashville's real estate market continues a stretch of unprecedented growth," said Nashville Mayor Bill Purcell. "For six consecutive years, the city has set records in home sales, which is not only a tribute to industry professionals, but to the exciting things happening in our city. We look forward to another successful year ahead."

"The Greater Nashville real estate market experienced its most productive year ever in 2006, with more than 40,000 closings for the first time ever," said Richard Courtney, 2007 President of the Greater Nashville Association of Realtors. "While expecting to break a record every month and every year is unrealistic, it is very encouraging to note that December and the fourth quarter posted the second-highest closings ever during those time periods. This is further confirmation that the Greater Nashville real estate market remains active and healthy."

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