The latest home sales data from Greater Nashville Realtors was recently released, offering key insights into the region's housing market compared to last year.
In February, there were 2,132 home closings across the Greater Nashville area, which includes Cheatham, Davidson, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson, and Wilson counties. This represents a 5% decline from the 2,247 closings in February 2024. While this slight dip in sales reflects the evolving market, other indicators suggest positive movement, particularly for buyers.
One of the most notable trends is the 22% increase in available inventory, giving buyers more options as we head into the Spring market. February ended with 10,966 active listings, up from 8,967 a year ago. Single-family home listings rose to 7,225 from 5,887, while condominium inventory surged to 1,958 from 1,326. More inventory means buyers have greater choice, while sellers should work with an experienced Realtor to price and position their homes strategically.
While residential closings were down 3.6%, there was a 4% increase in land sales—a key signal of potential growth in new home inventory. With housing availability being a major concern both locally and nationally, any increase in new inventory is a welcomed sign as we continue to grapple with limited housing stock. This could help meet future demand, providing more opportunities for homebuyers looking for newly constructed homes.
Even as the market evolves, Middle Tennessee real estate remains a strong investment. Home values continue to appreciate, with rising median prices for both single-family homes and condos reinforcing the region’s long-term desirability.
In an ever-changing market, having a trusted Realtor by your side is more important than ever. Whether you’re buying or selling, a Realtor provides expert guidance on pricing, negotiation, and market trends, ensuring you make informed decisions. As we enter the busy Spring season, working with a professional can help you navigate opportunities and challenges with confidence.
