Despite the effects of COVID-19, single-family home closings in Tennessee rose +3% in June (to 10,587), a big change from the -22.8% drop in year-over-year closings recorded in May, according to data compiled by Tennessee REALTORS® via REALTORS® Property Resource (RPR).
Among other key indicators in June 2020 over a year earlier:
Closed sales volume rose +14% to $3.36B.
New listings ticked up +.6% to 13,375.
Active listings dipped -11.3% to 39,985.
Median sale price gained +4.6% to $251,000.
And median sale price per square foot increased +4.8% to $132.
See more details broken down by Grand Division (West, Middle, East) along with past TN housing data HERE.
