Greater Nashville Market Shows Resilience Amid Rising Buyer Opportunities
NASHVILLE, Tenn. (July 7, 2025) – There were 3,185 home closings reported for the month of June, according to figures provided by Greater Nashville Realtors. This figure indicates a 5 percent increase from the 3,042 closings reported for the same period last year.
“June brought a modest uptick in both closings and sales prices, highlighting Nashville’s continued resilience,” said Collyn Wainwright, Greater Nashville REALTORS® President. “Ongoing in-migration and strong job growth are sustaining demand across Middle Tennessee.”
A comparison of sales by category for June is:
Year
2024
2025
CLOSINGS
3,042
3,185
Residential
2,431
2,573
Condominium
439
445
Multi-Family
19
18
Farm/Land/Lots
153
149
Data for the second quarter of 2025 showed 9,312 closings, a 3percent decrease from the 9,611 closings during the second quarter of 2024.
A comparison of sales by category for the second quarter is:
Year
2024
2025
CLOSINGS
9,611
9,312
Residential
7,590
7,464
Condominium
1,471
1,341
Multi-Family
58
49
Farm/Land/Lots
492
458
2025 midyear report:
YTD 2024
YTD 2025
CLOSINGS
16,518
16,180
Residential
13,020
12,862
Condominium
2,508
2,368
Multi-Family
106
103
Farm/Land/Lots
884
847
There were 2,621 sales pending at the end of June, compared to 2,703 pending sales at this time last year. The average number of days on the market for a single-family home in June was 47 days.
The median price for a residential single-family home was $528,297 and for a condominium it was $340,000. This compares with last year’s median residential and condominium prices of $505,000 and $345,000 respectively.
There were 14,416 active listings reported for the month of June, according to figures provided by Greater Nashville REALTORS®. This figure indicates a 28 percent increase from the 11,255 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
11,255
14,416
Residential
7,688
10,013
Condominium
1,713
2,337
Multi-Family
101
139
Farm/Land/Lots
1,753
1,927
“Still, rising inventory levels and longer days on market are tipping the scales in favor of buyers, as the market straddles the line between balanced and buyer-dominating conditions,” Wainwright 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.