Nashville Housing Market

More homes hit the market in Nashville this June, and buyers responded. Sales rose, inventory reached new highs and home prices continued to climb, even as affordability remained a challenge. Strong job growth and steady population gains helped keep demand intact across the region.

Home sales in the Nashville metro totaled 3,244 transactions in June, up 1.5% from a year earlier. While that increase placed Nashville in the bottom half of large U.S. housing markets for annual sales growth, demand remained steady. Much of the activity came from suburban communities such as Murfreesboro, Lebanon, Gallatin and Mount Juliet. Buyers continued to look beyond the urban core in search of more space and lower housing costs. Single-family and condo sales rose modestly, while townhome sales declined, a sign that buyers may be shifting toward other housing options.

One of the biggest changes in Nashville's housing market was the jump in available homes for sale. Listings climbed 18.6% from a year ago to 14,490 homes, the highest inventory level seen in recent years, giving sellers increased competition. The increase ranks Nashville number one among the top-40 metro areas in the nation. That growth was driven largely by suburban areas, where new development and seller activity remained strong. For buyers, the increase meant more choices and slightly less competition than in recent years. Condo and townhome listings rose more than 24%, while single-family inventory increased 16.3%. Nashville posted the largest year-over-year inventory increase among major U.S. housing markets, making it the national leader in listing growth.

Even with more homes on the market, prices continued to move higher. Prices rose 3.5% to about $500,000, a new record high, with gains in single-family and condo homes offset by a decline in townhomes. Strong population growth and a healthy local economy continued to support housing demand. Nashville's unemployment rate remained low at 2.8%, well below the national average. That strength helped keep the market competitive and supported home values, even as buyers faced higher prices and a growing number of options.

The median home sale price in Nashville increased by 2.1% compared to the same time last year, while the national median price rose by 1.8%.

Nashville median home prices rose by $17,000 year over year on a nominal basis in June to $500,000. Meanwhile, the national median home price increased by $6,000 to $401,000.

Nashville was the 15th highest-priced housing market among the top 40 largest markets last month. The Nashville median home price of $500,000 was 24.7% above the national median home price. Nashville's median home price in June is the highest observed price for any month in the market.

The median price of Nashville single-family homes rose by $14,493 over the past year to $535,000, while the median townhome price declined by 8.4%, and the median condo price rose by 4.4%.

The number of homes for sale in Nashville increased by 18.6% in June compared to the same time last year, while national homes for sale rose by 4.2%.

Nashville homes for sale rose by 2,275 year over year in June to 14,490 homes for sale. Nashville ranked first, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in June.

Nashville homes for sale were above their pre-pandemic levels in the month of June. Nashville homes for sale were 1.2% above the June 2019 total of 14,314.

Nashville single-family homes for sale grew by 17.1% to 11,377 in June. In comparison, townhomes for sale rose by 17.0% to 536, and condos for sale increased by 26.2% to 2,577.

The number of home sales in Nashville increased by 1.5% in June compared to the same time last year, while national home sales rose by 6.1%.

Nashville home sales increased by 49 year over year on a nominal basis in June to 3,244. For context, 3,195 sales closed in Nashville in June 2025.

Nashville ranked 30th for the annual change in home sales out of the top 40 U.S. markets in June on a percentage basis. This year's June increase of 1.5% compares to the 5.4% year over year increase in June 2025.

Nashville single-family sales increased by 3.5% in June to 2,797. In comparison, townhome sales rose by 3.2% to 98, and condo sales fell by 12.1% to 349.

For questions and commentary about this report:

Toby Jorgensen, Senior Director of Market Analytics at CoStar and Homes.com, is available for interviews to provide expert insights on this data and the broader residential real estate market.

Toby Jorgensen

Senior Director of Market Analytics

Homes.com

tjorgensen@costar.com

Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in Nashville during June 2026.

For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.

Definition of Sale Prices

Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Inventory

Inventory is the number of unique active listings that were for sale during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Home Sales

The total number of closed home sales on the MLS during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

About the Homes.com Market Analytics Team

The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.

About Homes.com Analytics Data

The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.

The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.