“This is a very positive start to the year for Middle Tennessee home sales,” said GNAR President Price Lechleiter. “It is especially good news to see an increase of this number over January of 2012, which was up about 25 percent compared to 2011. The positive home sales trend into this year is very encouraging. In fact, we have not had more than 1,500 closings in January since 2008.
“Though these numbers are a great start to the year, challenges still remain for the overall real estate market. It’s difficult to anticipate the impact national economic trends and government choices will have – including decisions on fiscal issues,” continued Lechleiter. “Locally, the economic impact of the increase in home sales goes well beyond the actual transaction. Those sales prompt additional construction jobs for building new homes and help initiate major purchases made by homeowners, such as appliances, furniture, floor coverings and lawn care equipment.”
A comparison of sales by category for January is:
CLOSINGS 1,377 1,634
Residential 1,116 1,344
Condominium 158 174"
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