April Home Sales Reflect Buyer Caution in a Market Moving Toward Balance

NASHVILLE, Tenn. (May 7, 2025) – Data for the month of April showed 2,963 home closings, according to figures provided by Greater Nashville REALTORS®. This figure indicates a 3 percent decrease from the 3,060 closings reported for the same period last year.

"While buyers are in an increasingly strong position to take their time and make thoughtful decisions, the data indicates they are more cautiously approaching real estate purchases, likely due to the economic uncertainty that has been recently surrounding the financial markets.” said Collyn Wainwright, Greater Nashville REALTORS® President.

A comparison of sales by category for April is:

There were 2,743 sales pending at the end of April, compared to 2,998 pending sales at this time last year. The average number of days on the market for a single-family home in April was 50 days.

The median price for a residential single-family home was $500,000 and for a condominium it was $350,000. This compares with last year’s median residential and condominium prices of $505,000 and $349,900 respectively.

Inventory at the end of April was 13,249. This figure indicates a 27 percent increase from the 10,419 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:

“As we head into summer, it’s important for buyers and sellers to work with a REALTOR® who can help make sense of the shifting market,” Wainwright added. “Whether you're just starting your home search or preparing to sell, having a knowledgeable guide by your side makes all the difference.”

For more information about Greater Nashville market data or to schedule an interview, please contact Blake Stewart at 615-513-9145.

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.