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Nashville TN Real Estate shows 16% improvement in July 2011 over July 2010!

Nashville TN Real Estate shows 16% improvement in July 2011 over July 2010!

The Tennessean recently reported that Single Family home sales Nashville TN Real Estateshowed "a long awaited glimmer of hope" because of the numbers seen in the July 2011 sales.

1692 homes in Middle Tennessee sold in July up from 1463 in July of 2010. That's a 16% increase and a continuation of good news that we've had the past few months.

Alice Walker, President of the Greater Nashville Association of Realtors was quoted as saying: "The July homes sales increase reflects what we've been saying during the past 6 months - the market is steadily recovering".This is certainly good news for those needing to sell their homes for whatever reason.

The Nashville TN Real Estate market did not suffer like many parts of the United States, but we didn't dodge any bullets. The Median sales prices are still down, just over 9% since the first quarter of 2008. Prices appear to be starting to stabilize.

There are less "deals" than last year when first time home buyers snatched up bargains and huge tax credit incentives at the same time. With the inventory down Buyers will meet less anxious Sellers.

The Nashville TN Real Estate sales should pick up this fall after this long hot summer. A good time to put your house on the market will be just after Labor Day. That gives you a few weeks to get it in tip top shape.

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Connie Harveyis a local agent with Pilkerton Realtors, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals. She can be reached at 615-371-2474.


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Comment balloon 11 commentsConnie Harvey • August 18 2011 02:33PM

Comments

Connie

The Nashville Tennessee market is heading in the right direction.

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) almost 9 years ago

Connie have you noticed some of the blogs in the Rain talking about the improvement in their areas.  We should be reporting the real estate news not the media.  Good job as always.

Posted by Joe Kenny, Better Than Your Average Joe (Realty Executive Midwest) almost 9 years ago
This would be a great post for the real estate recovery challenge! That is GREAT news!
Posted by Joni Bailey, Your Huntsville / Lake Livingston Area REALTORĀ® (101 Main St. Realty) almost 9 years ago

Lou - We certainly hope so! Thanks for stopping by.

Joe - I think it's time we start telling the public the GOOD News!

Joni - I keep forgetting about that challenge. I'll have to go post it there!

Posted by Connie Harvey, Realtor - Nashville TN Real Estate (Pilkerton Realtors) almost 9 years ago

Hi Connie, isn't it wonderful to see things headed in the right direction?  We are seeing it in many parts of our area as well.

Posted by Ann Allen Hoover, CDPE SRES ASP e-PRO Realtor - Homes for Sale - AL (RE/MAX Advantage South) almost 9 years ago

Hi Connie - Joe & Joni have the right idea about everybody posting their good news in AR.  We have to lead the charge and push good news through all the negative reporting.

Posted by Conrad Allen, Webster, Ma, Realtor (Re/Max Professional Associates) almost 9 years ago

Hi Ann! Yes it really is nice to see good news for a change!

Conrad - You're absolutely right! You know how I feel about negativity!

Posted by Connie Harvey, Realtor - Nashville TN Real Estate (Pilkerton Realtors) almost 9 years ago

HI Connie,


Very Cool local community update and real estate recovery article, sure looks like you guys are on the right track in Nashville Tn.... Good for your you and your community

Posted by Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986., Talk To or Text Peter 250-213-9490 (eXp Realty, Victoria BC www.pfanntastic.com) almost 9 years ago

Connie, love the positive reporting I've been seeing all over AR lately - can't count on the media.  16% is wonderful.

Posted by Ellie Penaranda, Naples Florida Real Estate - Waterfront & Beach Co (239.776.5077 Downing-Frye Realty ) almost 9 years ago

Connie - when one considers the drop in one day in the stock market, a 9% drop since 2008 in house prices is just that a drop in the bucket. Real estate is, was, and always will be the best investment the average person can invest in.

Posted by Kathy Clulow, Trusted For Experience - Respected For Results (RE/MAX All-Stars Realty Inc. Brokerage) almost 9 years ago

Peter and Linda - It does look like things are improving.

Ellie - We have to shout louder than the media to get the message out!

Kathy - No joke. I hate going home only to have my husband tell me how much money we lost that day!

Posted by Connie Harvey, Realtor - Nashville TN Real Estate (Pilkerton Realtors) almost 9 years ago

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