NASHVILLE, Tenn. (Sept. 7, 2025) – Data for the month of August showed 3,056 home closings, according to figures provided by Greater Nashville Realtors®. This figure indicates a 1 percent decrease from the 3,086 closings reported for the same period last year.
“The Greater Nashville housing market showed continued resilience in August 2025, with closings nearly in line with last year while both inventory and home prices continued to climb,” said Collyn Wainwright, Greater Nashville Realtors president. “While residential sales decreased by two percent, condominium sales posted a four percent gain year-over-year, signaling a continued appetite for attached housing options.”
A comparison of sales by category for August is:
|
Year |
2024 |
2025 |
|
CLOSINGS |
3,086 |
3,056 |
|
Residential |
2,480 |
2,434 |
|
Condominium |
440 |
460 |
|
Multi-Family |
17 |
20 |
|
Farm/Land/Lots |
149 |
142 |
There were 2,627 sales pending at the end of August, compared to 2,603 pending sales at this time last year. The average number of days on the market for a single-family home in August was 49 days.
The median price for a residential single-family home was $505,000 and for a condominium it was $353,450. This compares with last year’s median residential and condominium prices of $485,000 and $349,990 respectively.
Inventory at the end of August was 14,625. This figure indicates a 21 percent increase from the 12,053 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 |
12,053 |
14,625 |
|
Residential |
8,133 |
10,080 |
|
Condominium |
1,901 |
2,431 |
|
Multi-Family |
108 |
150 |
|
Farm/Land/Lots |
1,911 |
1,964 |
“Pending sales activity suggests ongoing buyer demand amidst increased choices, while sellers are still benefiting from year-over-year price growth,” Wainwright added. “With buyers gaining more leverage in negotiations, sellers should focus on patience, proper preparation and strategic pricing to remain competitive.”
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.
