NASHVILLE, Tenn. (August 7, 2025) – Data for the month of July showed 3,356 home closings, according to figures provided by Greater Nashville Realtors. This figure indicates a 3 percent increase from the 3,271 closings reported for the same period last year.
“July data reinforces the resilience and stability of the Middle Tennessee housing market,” said Collyn Wainwright, Greater Nashville Realtors president. “An increase in overall closings and pending sales signals continued buyer activity, while a dip in condo sales—combined with current interest rates—has created more affordable opportunities for those looking to enter the market through condominiums.”
A comparison of sales by category for July is:
|
Year |
2024 |
2025 |
|
CLOSINGS |
3,271 |
3,356 |
|
Residential |
2,584 |
2,662 |
|
Condominium |
496 |
521 |
|
Multi-Family |
22 |
21 |
|
Farm/Land/Lots |
169 |
152 |
There were 2,562 sales pending at the end of July, compared to 2,551 pending sales at this time last year. The average number of days on the market for a single-family home in July was 50 days.
The median prices for a residential single-family home and a condominium were $524,700 and $344,900, respectively. This compares with last year’s median residential and condominium prices of $499,994 and $353,000, respectively.
Inventory at the end of July was 14,349. This figure indicates a 20 percent increase from the 11,922 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:
|
Year |
2024 |
2025 |
|
INVENTORY |
11,922 |
14,349 |
|
Residential |
8,060 |
9,941 |
|
Condominium |
1,914 |
2,369 |
|
Multi-Family |
100 |
129 |
|
Farm/Land/Lots |
1,848 |
1,910 |
“Median sales prices remain steady, even edging up slightly despite growing inventory—a sign of a balanced market where opportunity and value go hand in hand,” Wainwright added. “With homes taking longer to sell than in past years, sellers should remember that patience is key, as properties are still moving at a more measured pace.”
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.
