Great News for Nashville!! The Nashville region resumed double-digit gains in home closings last month, but the higher sales amid declining inventory officially pushed the market to where sellers now have the upper hand in negotiations.
Overall, 3,122 residential properties changed hands during September, a 19 percent jump from a year ago and the first double-digit gain posted this year, according to the Greater Nashville Association of Realtors. Typically, sales and inventory start to decline heading into the holiday season. The dry and warmer temperatures in recent months could have aided last month’s sales and help to explain the 23 percent increase to 3,049 in sales pending at the end of September versus a year ago.