I recently ran a report of Nashville home sales comparing the months of November, 2008 and November 2009. I obtained the information from Nashville's MLS. Included in these statistics are housing sales for Davidson County, Sumner County, Williamson County and Wilson County. Here are my findings:
Davidson County Home Sales
- November 2008: 350
- November 2009: 577
- Percent Change: Up 64.86%
Sumner County Home Sales
- November 2008: 105
- November 2009: 183
- Percent Change: Up 74.29%
Williamson County Home Sales:
- November 2008: 139
- November 2009: 211
- Percent Change: Up 51.8%
Wilson County Home Sales:
- November 2008: 87
- November 2009: 130
- Percent Change: Up 49.43%
These housing sales statistics would suggest that the Federal Homebuyers Tax Credit seems to be working, at least in the middle Tennessee, Nashville real estate market.
Now that the Tax Credit has been extended until April 2010, there is an optimistic outlook about Nashville home sales for Winter and Spring of 2010 as well.
Posts
1 comments:
I think the reason sales are up is because of the $8000 tax credit. When that runs out, I'm not sure how the market will react. But a lot of first time home buyers are benefiting from that tax credit.
Post a Comment