H
ome closings in the Greater Nashville area decreased by 5% in February 2025 compared to the same month last year, with 2,132 transactions recorded. This decline is a slight shift from the previous year's pace, but other indicators suggest a more positive market for buyers. Available housing inventory increased significantly, rising by 22%, providing buyers with more options as we head into the Spring market.

    The latest data shows that February ended with 10,966 active listings, up from 8,967 a year ago. Single-family home listings rose to 7,225 from 5,887, while condominium inventory surged to 1,958 from 1,326. This increase in inventory is a welcome sign as the region continues to grapple with limited housing stock.

    Land sales, which can be an indicator of future new home inventory, also saw a 4% increase. With housing availability being a major concern nationally, any growth in new inventory is a positive development that could help meet future demand and provide more opportunities for homebuyers looking for newly constructed homes.

    Middle Tennessee real estate remains a strong investment opportunity, with rising median prices for both single-family homes and condos reinforcing the region's long-term desirability. As the market continues to evolve, having a trusted Realtor by your side is crucial for making informed decisions, whether buying or selling. With their expert guidance on pricing, negotiation, and market trends, a Realtor can help navigate opportunities and challenges with confidence.

    Median home prices continue to rise in Middle Tennessee, reflecting the region's enduring appeal as an investment destination. The latest data from Greater Nashville Realtors offers valuable insights into the local housing market, highlighting both the challenges and opportunities that exist for buyers and sellers alike.