Nashville's Real Estate Market: A Steady Pace, No Fever Pitch

Let’s talk Nashville’s property scene, where the action is steady, but there’s no fever pitch—think polite applause, not a standing ovation. The latest July stats are in, and according to Redfin, the Nashville housing market is up a modest 1.8% year over year, with the median price hitting around $480,000 for all homes. If you want to know what a single-family in the city center runs, buckle up: the Greater Nashville Housing Market Update pegs that at a cool $503,000. And for those fancy zip codes, Brentwood’s rocking a median of $1.3 million. There’s a lot of range, depending on which side of the river you favor.

Now, is it a seller’s market? Only if you like waiting by the phone. The typical home takes 62 days to sell now, up from 52 days last year. Translation: Cinnamon rolls should rise faster than the homes are moving. Redfin’s compete score still rates Nashville as “somewhat competitive”—some listings get multiple offers, but most are selling about 2% shy of list price after hanging around for nearly two months. Only the super-hot properties go pending in about 30 to 35 days, which means if you’re desperate for a quick sale, you’d better have a showstopper of a kitchen backsplash.

People ask: “Are buyers biting or just nibbling?” Greater Nashville Realtors report there were 3,356 home closings in July, a 3% bump up from this time last year. Even in the ever-popular 37206 zip—East Nashville for the uninitiated—prices are up 11.6% since last summer, making it one of the city’s hotter pockets, though homes still linger around 85 days before selling. Apparently, buyers have plenty of choices and plenty of time to think it over.

Key forces shaping the scene? Most experts point to continued population growth, steady job creation, and those dreamy Tennessee tax perks, all adding up to a Nashville market that’s growing—but not popping. The gossip about a crash? Still just that—gossip, as national headlines haven’t translated into a local meltdown. Industry watchers suggest the long-term outlook is stable, thanks to strong fundamentals.

Thank you for tuning in to this week’s Nashville real estate scoop! Make sure to come back next week for more insider news you won’t want to miss. This has been a Quiet Please production. And for more of me, check out QuietPlease dot AI..

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Episode Transcript

Speaker 1 (00:00):
Let's talk Nashville's property scene where the action is steady
but there's no fever pitch think polite applause, not a
standing ovation. The latest July stats are in, and according
to Redfinn, the Nashville housing market is up a modest
one point eight percent year over year, with the median
price hitting around four hundred and eighty thousand dollars for

(00:20):
all homes. If you want to know what a single
family in the city center runs, buckle up. The Greater
Nashville Housing Market update pegs that at a cool five
hundred and three thousand dollars. And for those fancy zip codes,
Brentwood's rocking a median of one dollar and three cents.
There's a lot of range depending on which side of
the river you favor. Now is it a seller's market

(00:43):
only if you like waiting by the phone. The typical
home takes sixty two days to sell now, up from
fifty two days last year. Translation, cinnamon rolls should rise
faster than the homes are moving. Redfinn's Compete score still
rates Nashville as somewhat competitive. Some listings get multiple offers,
but most are selling about two percent. Shy of list

(01:04):
price after hanging around for nearly two months. Only the
super hot properties go pending in about thirty to thirty
five days, which means if you're desperate for a quick sale,
you'd better have a showstopper of a kitchen backsplash. People
ask are buyers biding or just nibbling. Greater Nashville realtors
report there were three thousand, three hundred and fifty six

(01:25):
home closings in July, a three percent bump up from
this time last year. Even in the ever popular thirty
seven thousand, two hundred and six Zip East Nashville for
the uninitiated, prices are up eleven point six percent since
last summer, making it one of the city's hotter pockets,
though homes still linger around eighty five days before selling. Apparently,
buyers have plenty of choices and plenty of time to

(01:47):
think it over. Key forces shaping the scene, Most experts
point to continued population growth, steady job creation, and those
dreamy Tennessee tax perks, all adding up to a Nashville
market that's growing but not popping. The gossip about a
crash still just that gossip, as national headlines haven't translated
into a local meltdown. Industry watchers suggest the long term

(02:09):
outlook is stable thanks to strong fundamentals. Thank you for
tuning into this week's Nashville real Estate Scoop. Make sure
to come back next week for more insider news you
won't want to miss. This has been a quiet please production,
and for more of me, check out Quiet Please dot
ai