Nashville area homes up for sale staying on market for nearly 2 months, report says

NASHVILLE, Tenn. (WSMV) - A new housing report reveals that Nashville homes up for sale are staying on the market longer than averages over the past few years.

RE/MAX’s national housing report suggests that homes in the Greater Nashville area are staying on the market for an average of 44 days, which is the longest stretch in over two years.

While this suggests inventory is rising, RE/MAX reports that home sales remain steady and prices continue to climb.

Below are some key findings from their report:

• Months supply of housing inventory is up +37.6% year-over-year.
• Home sales remain steady and are up at +0.3% year-over-year.
• Home prices are up +3.2% year-over-year.
• The current median home sale price in Greater Nashville is $453,250.

“Overall, Nashville is a great market for buyers right now, and seller values are still holding. New construction home sales are a good percentage of current homebuyer purchases, with builders with existing already-built inventory giving concessions towards buyers’ closing costs. New homes coming out of the ground could face a slight increase as the tariffs potentially start in March, impacting lumber from Canada and drywall from Mexico specifically. Builders here may be passing that increase, which could be from 4-6% to buyers building.”