NASHVILLE, Tenn. (June 7, 2019) – There were 4,172 home closings reported for the month of May according to figures provided by Greater Nashville REALTORS®. This figure is up 10 percent from the 3,767 closings reported for the same period last year.
“Interest rates are the surprise of the summer.” said Nashville Realtor and Real Estate Attorney Loy Carney. “Such a significant beneficial move in interest rates allows prospective homeowners to either buy a more expensive home, or realize substantial monthly savings – both of which will extend the trajectory of a booming market.”
“The Greater Nashville housing market has hit an all-time high with record breaking sales,” said Andrew Terrell, Greater Nashville REALTORS® president. “With over 4,100 closings, the market has surpassed the highest month on record, which was in June 2018.”