[See all TN housing data, including the current month’s, on THIS PAGE.]
TN Home Sales Tick Up +1.4% in April 2019
Median Home Price Rises 6.8%, Available Homes Down 14.5%
There were 7,202 single-family home closings in Tennessee in April 2019, a slight rise (+1.4%) from 7,102 in April 2018; the median home price was $235,000, up +6.8% from $220,000 a year earlier; and the number of available homes on the market decreased -14.5%, from 21,823 to 18,654, according to data compiled by Tennessee REALTORS®.
“The spring season is in full swing, with summer just around the corner, and Tennessee’s housing landscape is showing similar trends from the same time a year ago,” said Kathy Tucker of Chattanooga, 2019 President of Tennessee REALTORS®. “We continue to see brisk sales, even as home prices rise and the number of available homes remains tight. It’s a challenging market, but one with ample opportunities for buyers and sellers if they approach the process carefully and with good guidance.”
The tables below summarize Tennessee’s April 2019 housing report:
|CLOSINGS||April 2018||April 2019||Change|
|MEDIAN PRICE||April 2018||April 2019||Change|
|INVENTORY||April 2018||April 2019||Change|
Tennessee REALTORS® is one of the state’s largest and most influential trade associations. Consisting of 21 local associations and 28,000 members, the association provides a variety of services including legislative and regulatory advocacy, professional development, professional-standards training, and transaction-management solutions. To learn more, visit www.tnrealtors.com.