MLS Data Shows Local Market Strength Despite Pandemic
New data show the COVID-19 pandemic has had little effect on real estate sales in Sumner County. Total volume increased nearly 7% from April 2019 despite record high unemployment and economic turmoil across the U.S.
The average sales price for residential property in the county during April jumped to $352,306 from $321,179 during the same period last year – a 10% increase. There were 328 total closings reported during the month.
Reports across the broader Realtracs area, meanwhile, show single-family homes and condo properties are down 12.7% in transactions and down 9.1% in total volume compared to April 2019.