Real Deal Column

Homeownership has long been one of the most reliable ways Americans build wealth. Even with today’s affordability challenges, the dream of owning a home remains strong—because it’s not just about having a place to live, but about building equity and securing a financial future.

Opportunities in the housing market—both nationally and here in Middle Tennessee—are becoming more abundant. But with opportunity comes the need for both buyers and sellers to adjust their strategies to get the best deal possible.

At first glance, May’s home sales figures for the Greater Nashville region suggest a slowing housing market, with a 9% decline in closings compared to the same time last year. But a closer look reveals a more nuanced picture that highlights growing opportunities for homebuyers across the region.

Last week, I traveled to Washington, D.C., with Greater Nashville REALTORS® staff and leadership to attend the National Association of REALTORS®’ 2025 Legislative Meetings. We joined thousands of REALTORS® from across the country to meet directly with members of Congress, advocating for policies that support the housing market, protect property rights, and help make homeownership more attainable for more Americans.

Originally launched as National Homeownership Week in 1995 under the Clinton administration, this initiative aimed to expand access to homeownership nationwide. In 2002, it was extended to the full month of June under President George W. Bush, emphasizing the importance of homeownership through new programs and outreach efforts.

Last week, Greater Nashville REALTORS® hosted its annual economic summit, NASHONOMICS, bringing together business leaders, economists, and real estate professionals to discuss the latest trends shaping our region’s housing market and economic landscape.

On Tuesday, May 6, Mayor Freddie O’Connell’s office announced that the city reached a long-anticipated agreement to redevelop Rivergate Mall in Goodlettsville into a mixed-use destination, including multifamily housing. 

The latest home sales data from Greater Nashville REALTORS® offers a snapshot of a market moving toward better balance across our nine-county region. In April, there were 2,963 home closings—a 3 percent decrease from the 3,060 reported during the same time last year. While the drop is modest, it signals a trend: buyers are becoming more cautious, likely influenced by recent economic uncertainty and fluctuations in the financial markets.