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Lack of Inventory Continues to Drive Home Prices Up

There were 2,649 home closings in the Greater Nashville Region reported for the month of January, according to figures provided by Greater Nashville REALTORS®. This figure is down three percent compared to the 2,745 closings in January 2021.

“Home sales declined in 2021 due to supply chain problems, difficulty finding land and extended delays with planning and codes," said Steve Jolly, Greater Nashville Realtors president. "This lack of housing inventory will continue to be a problem in 2022."

May be an image of text that says 'GREATER NASHVILLE REALTORS SINCE 1891 JANUARY 2022 MARKET UPDATE 3,510 ACTIVELISTING ACTIVE LISTINGS 2,898 2022 2,649 2021 2,745 PENDING SALES LD SOLD 3% COMPARED TO 2021 1,000 2,000 3,000 CLOSINGS COMPARISON lected this Cheatham, avidson, Middle Tennesseecounties: Rutherford, Sumner WilliasondWils'
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