The latest home sales report for March is out, offering a detailed snapshot of housing activity across Greater Nashville’s 9-county region.
According to figures provided by Greater Nashville Realtors, there were 2,831 home closings in March, representing a slight 0.2 percent decrease from the 2,837 closings reported in the same period last year. For the first quarter of 2025, the region saw 6,868 closings—down just 1.5 percent from the 6,970 closings in Q1 2024, reflecting a market that has remained relatively stable year-over-year despite broader economic uncertainties.
What’s more notable, however, is the strong month-to-month momentum. March closings rose 32% over February, while pending sales jumped 15%. These increases suggest a seasonal lift is underway as we enter the traditionally more active spring and summer seasons.
Buyers are beginning to see more favorable market conditions. The median price for a residential single-family home in March was $490,000, slightly down from $493,220 last year. The median price for a condominium was $347,500, up modestly from $339,900. Combined with a slight decrease in interest rates and rising inventory levels, this modest price movement creates an environment with increased opportunity for buyers.
Inventory is also trending upward with 12,326 active listings reported in March—a 31% increase over the 9,404 listings available during the same time last year. As more sellers re-enter the market, home shoppers are gaining access to a broader range of options, which can ease the competitive pressures that were common in recent years.
This combination of steady year-over-year performance, and sharp monthly gains in activity, points to a market withstanding a climate of broader economic uncertainty. If these trends hold, we could see improving conditions for buyers, and a balanced spring selling season—one where both buyers and sellers find the confidence to act.
