Nashville area homes sold continued to dip in December, according to data released today by First American CoreLogic.

Home prices, including distressed sales, dropped by 3.94 percent in the Nashville-Davidson-Murfreesboro-Franklin area when compared to December 20008, slightly higher than the year-over-year decrease of 3.71 percent in November. Excluding distressed transactions, the drop in prices was 3.04 percent, according to First American CoreLogic.

According to a First American CoreLogic report, “April will be a critical month for the housing market, given the current scheduled expiration of the federal homebuyer tax credit. While the tax credit provided some significant support to house prices in 2009, the forecast model currently indicates that the future path of house prices after April will be significantly impacted by whether the tax credit is allowed to expire or is once again extended.”

It’s a great time to buy Nashville real estate, Brentwood real estate, or Franklin real estate, take advantage of the dropping home prices and the new homebuyer tax credit, call me today at (615) 509-7000 or email me a Josh@JoshAndersonRealEstate.com