Antioch housing market continues strong surge

The Antioch housing market, reflecting the strength of the Middle Tennessee market, continues to rock along.

According to Trulia.com, for the period of December 10 through March 9, the median sales price for homes in Antioch was $150,000 and this is based off 238 homes.

During the same period, the average price per square foot was $92, a 10 percent increase over the same period one year ago.

Trulia also reports that the average rent for apartments in Antioch for Feb. 12 through March 12 was $1,397.

Overall, these trends represent a 7 percent year-over-year increase in median sales prices and a three percent bump in media rent.

For home sales, two bedroom homes suffered, dropping 7.5 percent year over year to $111,000. The biggest gains were for four bedroom homes, which had a median sales price of $223,000, which is up from $189,900 one year ago. Three bedroom homes also showed strong increases in median sales prices.

The site Movoto.com shows a current inventory of 245 homes in Antioch.

According to the Greater Nashville Association of Realtors (GNAR), in February, the median price for a single-family home in Davidson County was $235,000 and homes sold spent an average of 65 days on the market.

A press release issued by GNAR highlighted the strength of the local real estate market.

City-wide, there were 2,293 home closings reported for the month of February, according to data provided by the Greater Nashville Association of Realtors

“Growing consumer confidence, a gentle increase in inventory and a healthy economy all contributed to making February another solid month in home sales,” said GNAR President Denise Creswell. “Our region closed over 2,200 units last month. Like January of this year, February hasn’t been this strong since 2007.