Nashville Housing Market

The number of homes for sale in the Nashville area rose sharply compared to a year ago, while home sales moved in the opposite direction. Even with more competition among sellers, home prices still climbed, showing that the market continued to benefit from strong local economic growth.

Home sales in the Nashville metro totaled 3,055 transactions in July, down 6.6% from the same month last year. That ranked among the larger annual declines seen in the nation's major housing markets.

Even so, buyers remained active in Nashville's suburbs. Communities such as Murfreesboro, Lebanon, Gallatin, and Mount Juliet continued to generate much of the area's sales activity as buyers looked for more space and relatively affordable options outside the city center.

Not every part of the market moved the same way. Single-family home sales fell 4.3%, while condo sales dropped 33.2%. At the same time, townhome sales jumped 32.3%, a sign that more buyers may be turning to lower-cost alternatives as affordability remains a challenge.

One of the biggest housing stories in Nashville this year was the surge in available listings. The number of homes for sale climbed 19.3% year over year to 14,546, the largest increase among the nation's 40 largest housing markets.

Suburban communities once again led much of the growth as new development and listing activity expanded across the region.

Townhomes saw the most dramatic change. Inventory more than doubled, rising 137.5% from a year ago. Single-family listings increased 17.5%. Condo inventory was the exception, slipping slightly by 0.6%.

For buyers, the rise in inventory meant more choices and potentially greater negotiating power than in recent years.

View the latest homes for sale in Nashville.

Despite slower sales and a growing number of listings, home prices still moved higher.

The median sale price rose 2.1% from a year ago to about $485,000. Single-family home prices increased 0.4%, while townhome prices edged up 0.6%. Condo prices fell 5.8%.

Still, Nashville's economy continued to support housing demand. Strong population growth and job creation helped keep the market competitive. Over the past year, Nashville’s population grew by 1.6%. The metro's unemployment rate recently stood at 3.2%, well below the national rate of 4.1%. That strong labor market helped support home values even as sales slowed and more homes came onto the market.

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 2.6%.

Nashville median home prices rose by $9,980 year over year on a nominal basis in July to $485,000. Meanwhile, the national median home price increased by $10,000 to $400,000.

Nashville was the 15th highest-priced housing market among the top 40 largest markets last month. The Nashville median home price of $485,000 was 21.3% above the national median home price. Nashville's median home price in July compares to the market's peak of $499,945 recorded in June of 2026.

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 19.3% in July compared to the same time last year, while national homes for sale rose by 4.4%.

Nashville homes for sale rose by 2,352 year over year in July to 14,546 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 July.

Nashville homes for sale were above their pre-pandemic levels in the month of July. Nashville homes for sale were 0.9% above the July 2019 total of 14,412.

Nashville single-family homes for sale grew by 17.5% to 11,421 in July. In comparison, townhomes for sale rose by 137.5% to 1,147, and condos for sale declined by 0.6% to 1,978.

The number of home sales in Nashville decreased by 6.6% in July compared to the same time last year, while national home sales rose by 2.9%.

Nashville home sales declined by 217 year over year on a nominal basis in July to 3,055. For context, 3,272 sales closed in Nashville in July 2025.

Nashville ranked 38th for the annual change in home sales out of the top 40 U.S. markets in July on a percentage basis. This year's July decrease of 6.6% compares to the 3.8% year over year increase in July 2025.

Nashville single-family sales decreased by 4.3% in July to 2,591. In comparison, townhome sales rose by 32.3% to 176, and condo sales fell by 33.2% to 288.

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 July 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.

Definition of Days on Market

The median number of days from initial listing to closing of properties whose closing occurred during the month. This data includes detached, attached, and condominium homes. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Months of Supply (MOS)

Months of Supply (MOS) is equal to active listings divided by homes sold in a given 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 Sale to List Price Ratio

The sale-to-list price ratio is the ratio of the sale (closing) price to the original list price, whose closing occurred 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.