2015 NE Tenn existing home sales at record level

The final number for 2015 single-family sales was 5,287. That’s a new benchmark on several fronts. It’s the first time existing home sales moved past the 5,000 mark. It is the fifth straight year annual sales have improved from the previous year. It was the third straight year there were more home sales than before the recession.

Add a solid year for condo sales and you have an above-average sales growth year for our region. Another way to look at it is the dollar volume for residential sales listed on the regional multiple listing service was $841.9 million. That’s about 75 percent of the total residential housing market, so it’s easy to see why the real estate industry is a major player in the local economy.


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