MAY MARKS 8TH CONSECUTIVE MONTH OF INCREASE IN HOME SALES

Home sales continued to be strong in the Middle Tennessee region during May with 2,270 home closings, representing a 27.3% increase from the 1,783 closings reported during May of 2009. Year-to-date home sales are up 20.4% from this time last year. Pending sales also rose with 2,124 sales pending at the end of May compared to 2,000 in May of 2009.