N
ashville's housing market is on the upswing, with a surge in inventory and sales that's giving buyers more room to maneuver. The latest numbers from Greater Nashville Realtors show a 22% increase in available homes, making it easier for buyers to find their dream property. Meanwhile, pending sales are up by 15%, indicating a growing sense of optimism among homebuyers.

    The median price for a single-family home in January hit $490,000, a 6.5% jump from the same time last year. This uptick is part of a broader trend, with nearly 90% of metro areas reporting home price gains in the fourth quarter of 2024. The South led the way, with a year-over-year price appreciation of 2.1%.

    While higher home prices may be a challenge for prospective buyers, the increased inventory in Nashville offers a glimmer of hope. With interest rates expected to remain steady throughout the year, buyers can take advantage of more options and better negotiating power.

    Navigating this complex market requires expertise, which is where a trusted Realtor comes in. These professionals provide valuable guidance, market insights, and negotiation skills to help buyers and sellers achieve their real estate goals. As President of Greater Nashville Realtors, Collyn Wainwright emphasizes the importance of working with a Realtor who adheres to the National Association of Realtors' strict code of ethics.