Inventory Climbs While Sales Hold Steady - Buyers Gain the Edge

NASHVILLE, Tenn. (Mar. 9, 2026) – There were 2,133 home closings reported for the month of February, according to figures provided by Greater Nashville REALTORS®. This figure is up .4 percent from the 2,132 closings reported for the same period last year. 

“Despite Nashville being briefly on hold due to Winter Storm Fern, February closings remained on par with last year, showing that buyer demand is still prevalent in the market,” said Jack Gaughan, Greater Nashville REALTORS® President.

A comparison of sales by category for February is:  

There were 2,433 sales pending at the end of February, compared to 2,488 pending sales at this time last year. The average number of days on the market for a single-family home was 72 days.

The median price for a residential single-family home was $499,900, and for a condominium it was $338,500. This compares with last year’s median residential and condominium prices of $489,900 and $350,000, respectively.

Inventory at the end of February was 12,315, up 12 percent from 10,966 in February 2025. 

The current inventory of properties by category, compared to last year, is:

"As inventory continues to increase, buyers are gaining more leverage in negotiations. Sellers are getting more creative with their strategies, often offering incentives to help buyers move forward with a home purchase,” Gaughan added.

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.