A very special thank you to all of the Post & Co clients who were willing to talk about their home buying and selling experiences with us. We had our best year ever - by a mile! Thank you to each and every one of you.
From June 2015 to June 2016, employment increased in 291 of the 344 counties with 75,000 or more jobs.
Among these large counties, Williamson County, had the largest over-the-year percentage increase, with a gain of 6.7 percent, according to numbers released Tuesday by the Bureau of Labor Statistics. That compares with national job growth of 1.5 percent.
Utah County, Utah, the county south of Salt Lake City with Provo as the county seat, was close behind with a gain of 6.5 percent. Utah County is home to Brigham Young University and is home to more than a half million people.
Next was Loudon County, Va., with 5.2 percent job growth, then Williamson County, Tex. with 4.7 percent.
Rutherford County, Tenn., rounded out the top five in job growth, with 4.6 percent.
New POST & CO rental listing - only 5 miles to downtown. 3BR, 2.5BA - $1595 a month
3BR, 2.5BA​ BRICK TOWNHOME FOR LEASE -
ONLY 5 MILES FROM DOWNTOWN
2120 Lebanon Pike, #41
Offered at $1,595/month
* Spacious and bright floorplan with hardwoods and a big eat-in kitchen
* Great roommate plan with enormous master suite and 2 additional bedrooms
* Attached garage and plenty of guest parking adjacent to townhome
* Fireplace, built-ins, walk-in pantry
* Washer, dryer, refrigerator, lawncare, and trash pick up all included
* New HVAC (in the last year) and incredibly efficient....NES power bill averages less than $80 a month
* Fenced, private aggregate patio with green space behind - beautiful view of open field
* Largest floorplan in Easthaven - ideal location near mailboxes and extra parking in this quiet and friendly community
* Beautiful townhome in prime location with easy access to interstate and Briley Parkway
* Just 5 miles to downtown, 6 miles to Vanderbilt, 5 miles to BNA airport, and 8 miles to Belmont
* $1595/month and minimum 1 year lease
* $1,500 refundable security deposit.
* AVAILABLE DECEMBER15th
* No pets or smoking, please. Will verify prospective tenant's previous rental history, current employment and credit. Please call Mike (owner agent) to schedule a showing or with any questions. 615.414.3270
There were 2,978 home closings reported for the month of November, according to the GNAR. This figure is up 24% (!) from the 2,397 closings reported for the same period last year.
Middle Tennessee Sees Largest Home Sales Gain in November NASHVILLE, Tenn. (Dec. 7, 2016) There were 2,978 home closings reported for the month of November, according to figures provided by the Greater Nashville Association of REALTORS®. This figure is up 24 percent from the 2,397 closings reported for the same period last year.
Year-to-date closings through November are 35,674, a 6 percent increase from the 33,679 closings reported through November 2015.
"Although we experienced a substantial increase in closings this November as compared to last November, our monthly trending this year is in line with typical market trends this time of year. The numbers of closings are high, but have shown fewer closings month by month since the summer," said GNAR President Denise Creswell.
"Various factors play into the 24 percent increase we saw over 2015, including the end of the year approaching and the threat of rising interest rates," said Creswell. "Many people locked in their rates in October in anticipation of rising interest rates after the election, and they have edged up slightly. We will likely see the interest rate factor be a boost to home sales in December, as well."
A comparison of sales by category for November is:
November 2015
November 2016
CLOSINGS
2,397
2,978
Residential
1,986
2,463
Condominium
248
353
Multi-Family
13
22
Farms/Land/Lots
150
140
There were 2,774 sales pending at the end of the month, compared with 2,516 pending sales at this time last year. The average number of days on the market for a single-family home was 49 days.
The median residential price for a single-family home during November was $259,900, and for a condominium, it was $182,390. This compares with last year's median residential and condominium prices of $231,925 and $178,002, respectively.
Inventory at the end of November was 11,225, compared to 12,433 in November of last year. The current inventory of properties by category, compared to last year, is:
November 2015
November 2016
INVENTORY
12,433
11,225
Residential
8,198
7,540
Condominium
807
737
Multi-Family
115
116
Farms/Land/Lots
3,313
2,832
"New construction is also adding to the increase this time of year. New construction starts are up across the country, and Middle Tennessee saw 200 more new construction units close in November than November 2015," said Creswell.
"November saw our biggest sales gain all year compared to last year, and it also saw our lowest days on market average as far back as our records go," said Creswell. "We say it almost every month with the release of market data, and it bears repeating again: with our ever-tightening inventory supply, being prequalified and ready to make an offer quickly is critical for buyers, even in the colder months."
The Greater Nashville Association of REALTORS® is one of Middle Tennessee's largest professional trade associations and serves as the primary voice for Nashville-area property owners. REALTOR® is a registered trademark that may be used only by real estate professionals who are members of the National Association of Realtors and subscribe to its strict Code of Ethics.
