State’s home sales steady
Tennessee saw 6,893 single-family closings in April 2018, up 2.3-percent from last year, while the median price kept rising and available homes shrunk, data compiled by Tennessee REALTORS®.
While home sales rose slightly from 6,736 closings to 6,893, the median price grew 8.3-percent ($203,200 to $220,000). Available inventory fell 23-percent (23,680 to 18,238).
Somewhat in contrast, condominium sales jumped 21 percent from a year early (530 closings to 642). Meanwhile, the median condo price rose 10.8-percent ($171,250 to $189,700) and condo inventory tumbled 27.9-percent (1,673 to 1,207) over April 2017.