Closings Remain Steady with Another Month of Inventory Gains

Data for the month of March showed 2,752 home closings, according to figures provided by Greater Nashville REALTORS®. This figure indicates a 3 percent decrease from the 2,831 closings reported for the same period last year.

“Sales activity remains steady despite broader economic uncertainty and interest rates ticking up,” said Jack Gaughan, Greater Nashville REALTORS® president. “As we move further into the spring season, stable prices and rising inventory are creating more opportunities for buyers.”

A comparison of sales by category for March is:

Data for the first quarter of 2026 showed 6,710 closings, a 2 percent decrease from the 6,868 closings during the first quarter of 2025.

A comparison of sales by category for the first quarter/year-to-date is:

There were 2,979 sales pending at the end of March, compared to 2,861 pending sales at this time last year. The average number of days on the market for a single-family home in March was 62 days.

The median price for a residential single-family home was $491,525 and for a condominium it was $349,990. This compares with last year’s median residential and condominium prices of $490,000 and $347,500 respectively.

There were 13,694 active listings reported for the month of March, according to figures provided by Greater Nashville Realtors. This figure indicates an 11 percent increase from the 12,326 active listings reported for the same period last year.

Currently, there are 6 months of available inventory in the Greater Nashville region.

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

“After several years of inventory growth, the Greater Nashville region is beginning to see new listings slow, with a 15 percent decline in March,” Gaughan added. “This shift could signal a more balanced housing market, potentially bringing sellers who have been waiting on the sidelines back into the market.”

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.