Nashville's housing market remains steady despite changes elsewhere
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Home values are falling throughout the Southeast, but the Nashville area's market remains relatively steady, according to data collected this summer.
Why it matters: Nashville's market has certainly softened over the last couple of years, but buyers holding out for a free fall in values are still waiting.
- In fact, local realtors see signs that the market could be picking up some steam.
By the numbers: Home values in the Nashville metro area were just about even year over year, according to Zillow data from June. Prices ticked down only 0.1%.
- The average home value in the area sits at more than $457,000.
Zoom out: On the other hand, Atlanta saw values drop by about 3%, and values in Tampa and Austin fell almost 6%.
Zoom in: Data released last week by the Greater Nashville Realtors noted closings here were up year over year.
- The new data "reinforces the resilience and stability of the Middle Tennessee housing market," Greater Nashville Realtors president Collyn Wainwright said in a statement.
The intrigue: The average time a single-family home stayed on the market in Nashville was 50 days. That's nearly 30 days longer than the average in July 2021, giving buyers some breathing room to negotiate and compare options.
- One listing from Realtor.com noted the shift, labeling Nashville the slowest real estate market in the country.
Between the lines: Buyers in Nashville have increased flexibility.
- Housing inventory is booming: The supply of homes on the market jumped 20% from July 2024 to July 2025, per the realtors group.
The big picture: "It's so much easier to do construction in the South," Chen Zhao, head of economic research at Redfin, tells Axios. "So you have a lot more new construction."
- By comparison, in many cities in the northeast and Midwest, where zoning restrictions and lack of space make new construction more difficult, values have been ticking up considerably.
The bottom line: When it comes to home values, Nashville is in the middle of two extremes seen in different parts of the country.
Yes, but: Even though things have cooled down compared to a hot streak in 2021, prices remain far higher than they were before the pandemic.