Area home sales rise 24% as inventory remains limited

Nashville-area home sales increased 24 percent in May from the mark of the same month in 2020.

May’s numbers come after an April that enjoyed a dramatic surge of 43 percent and a March that saw a 13 percent jump compared to the prior-year figures. Specifically, Greater Nashville Realtors said in a release there were 4,063 residential property closings in May, up from the 3,267 closings in the same month of last year — when the COVID-19 pandemic was negatively impacting economy.