Market Stability & Resiliency Endures as Inventory Continues to Expand

NASHVILLE, Tenn. (Oct. 7, 2025) – Data for the month of September showed 2,881 home closings, according to figures provided by Greater Nashville REALTORS®. This figure indicates a 2 percent increase from the 2,810 closings reported for the same period last year.

Data for the third quarter of 2025 showed 9,293 closings, a 1 percent increase from the 9,167 closings during the third quarter of 2024. 

“The Greater Nashville housing market remained stable in September,” said Collyn Wainwright, Greater Nashville REALTORS® president. “A sharp increase in available listings, paired with a modest rise in days on market, signals a market still leaning toward balance.”

A comparison of sales by category for September is:

A comparison of sales by category for the third quarter is:

 There were 2,272 sales pending at the end of September, compared to 2,403 pending sales at this time last year. The average number of days on the market for a single-family home in September was 50 days.

The median price for a residential single-family home was $490,000 and for a condominium it was $329,250. This compares with last year’s median residential and condominium prices of $467,000 and $356,000 respectively.

There were 14,584 active listings reported for the month of September, according to figures provided by Greater Nashville REALTORS®. This figure indicates an 18 percent increase from the 12,308 active listings reported for the same period last year.

Currently, there are 5 months of available inventory in the Greater Nashville region.

The current inventory of properties by category, compared to last year, is:

“Buyers who have struggled to enter the market may find new opportunities in the condominium sector, where the median price has declined seven percent from the previous year,” Wainwright added. “Coupled with lower interest rates, this may create a more accessible path to homeownership for those who have been sidelined.”

About Us: Greater Nashville REALTORS® is one of Middle Tennessee’s largest professional trade associations and serves as the primary voice for Nashville-area property owners. REALTOR® is a registered trademark that may be used only by real estate professionals who are members of the National Association of REALTORS® and subscribe to its strict code of ethics.

The data collected for this release represents nine Middle Tennessee counties: Cheatham, Davidson, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson and Wilson.