The Nashville single-family home market has seen some interesting shifts from October last year to now. Here’s a quick rundown of what’s changed and what it could mean for buyers and sellers.

Market Trends:

  • New Listings have dipped from 882 to 761, meaning fewer homes are hitting the market.
  • New Under Contracts bumped up a bit from 408 to 429, showing that buyers are still out there and active.
  • Active Inventory has grown from 1,568 to 1,832, giving buyers more choices than last year.
  • Total Inventory rose from 2,254 to 2,511, which is helping to balance out the market.
  • Closings stayed almost the same, up slightly from 439 to 446, showing that homes are still moving.
  • Months of Supply rose from 4.51 to 5.08, signaling a shift toward a more balanced, possibly buyer-friendly market


What This Means for Buyers:

  • More Options: With inventory up, buyers have more homes to choose from, which could give them an edge in negotiations.
  • Price Adjustments: The dip in sale prices might mean it’s a good time to buy, especially for those who have been waiting for prices to soften a bit.
  • More Time to Decide: Since the list-to-contract time has stretched, buyers may have a bit more breathing room to think through offers and negotiate.


What This Means for Sellers:

  • More Competition: With inventory growing and prices adjusting, sellers may need to price smartly and make sure their property shines through good staging and marketing.
  • Quicker Closings: The shortened contract-to-close timeline is great for sellers who are ready to move on quickly once they have a buyer.
  • Longer Market Time: With homes spending slightly more time on the market, sellers should be prepared for the possibility of a longer process and set expectations accordingly.

Overall, Nashville’s market is showing signs of balancing out, which could lead to a more favorable environment for buyers. Sellers might want to focus on pricing and presentation to stay competitive, while buyers should consider taking advantage of the extra inventory and the current pricing trends.

  

Market Metrics

761

New Listings

1,832

Active Listings

679

Under Contract

446

Closed Sales

$754,734

Average Sale Price

27

Avg Days on Market

$551,950

Median Sale Price

5.08

Months of Supply

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