Insights on the February Middle Tennnessee Housing Market
- Median prices rose for both condominiums and single-family homes.
- The number of available homes increased while the number of closings decreased.
- The increase in inventory coupled with the decrease in closings gave us a more balanced market with 4.62 months of supply for the Middle Tennessee housing market.
- Even with an increase in supply for our market, our days on the market have gone down slightly. The average of two months for a home to close is good news for Sellers who need to move.
- The increase in available inventory gives homebuyers more choices and room to negotiate.
- Look back at the Middle Tennessee Housing Market for March 2024.
- Market Date Source: Greater Nashville Realtors Market Data
