Nashville homes linger as market cools

About 41% of Nashville-area home listings in April had been on the market for two months or longer without going under contract, Redfin data shows.

Why it matters: Listings are piling up nationally, many to the point of going "stale," the real estate site reports.

The big picture: Across the country, there was nearly $700 billion worth of inventory for sale in April — a new high in Redfin data going back to 2012.

Reality check: Despite a softening market and a record number of homes to choose from, it's still hard for buyers, especially first-timers.

• Many are sidelined by still-high prices, mortgage rates near 7% and broader economic uncertainty.