News

Every year, REALTORS® from across Tennessee convene at the State Capitol for the annual Day on the Hill, meeting with lawmakers to advocate for issues impacting the real estate industry and highlight the important role REALTORS® play in strengthening their communities.

As the Greater Nashville region continues to recover from Winter Storm Fern and we move closer to the spring market, housing activity is beginning to regain momentum. For buyers, especially those re-entering the market after a pause, understanding the nuances of the region’s housing stock is critical to making an informed decision.

If you’ve been in residential long enough, you’ve heard this sentence: “We just need a small warehouse.” Translation: “I want a place to store my boat, my side-by-side, my dad’s tools, and possibly launch a thriving empire of custom Yeti-cup engraving.”

Heading into 2026, the Greater Nashville housing market was beginning to show renewed momentum following an uptick in mortgage applications during the fourth quarter of 2025. That increase signaled growing interest from buyers who had been waiting on the sidelines, encouraged by improving affordability conditions and the potential for lower interest rates.

Late last month, unprecedented ice, snow, and prolonged below-zero temperatures from Winter Storm Fern left hundreds of thousands of Tennesseans without power. As temperatures plunged and conditions worsened, homes and properties across the state sustained widespread damage, creating significant challenges for families and communities alike.

Under all is the land. This is the first line of our REALTOR® Code of Ethics Preamble, and while it is often read as philosophy, in Nashville, we take it very literally. Before zoning maps, before development plans, and long before today’s skyline, the physical landscape was already influencing where and how this city would grow.

NASHVILLE, Tenn. (Feb. 9, 2026) – There were 1,825 home closings reported for the month of January, according to figures provided by Greater Nashville REALTORS®. This figure is down 4 percent from the 1,905 closings reported for the same period last year.

Late last year, the share of first-time home buyers fell to a record low of 21 percent, while the typical age of a first-time buyer climbed to an all-time high of 40, according to data from the National Association of REALTORS®.

In mid-January, mortgage rates dipped to their lowest level since September 2022, falling to 6.06% from 6.16% following a social media post from Donald Trump instructing Fannie Mae and Freddie Mac to purchase $200 billion in mortgage-backed securities.

When people say real estate is “political,” they often picture partisan arguments or catchy slogans. But those aren’t the things that impact your bottom line.

Housing affordability dominated the conversation in 2025, from lawmakers and business leaders to residents across the country. Nationally, it will remain a central focus as we move into 2026 and beyond.

In 2025, 112 homes sold for $4 million or more across the Greater Nashville region, with the majority of those closings concentrated in Williamson County. Homes at this price point spent an average of 128 days on the market, with a median size of 7,801 square feet, underscoring the patience and selectivity that often defines the region’s highest tier of buyers.