Greater Nashville’s housing market started the year with more of a slow jog than a sprint. The nine-county region logged 1,825 residential closings in January, about a 4% decline from January 2025, even as active listings ticked up and the typical sold home lingered longer. The median single-family sale price slipped to $485,598, while the median condominium price nudged up to roughly $350,000.
The snapshot comes from Greater Nashville REALTORS®’ January market release, which covers Cheatham, Davidson, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson and Wilson counties. The report shows inventory at the end of the month rising to about 11,795 listings (roughly a 9% year-over-year increase), with roughly 2,000 sales pending as January closed. The association also recorded an average of 65 days on market for single-family homes and noted that late-month winter weather likely slowed some closings, according to data from Greater Nashville REALTORS®.
Mortgage Rates and Buyer Options
Mortgage costs have eased modestly from 2025 highs, according to Freddie Mac, whose weekly Primary Mortgage Market Survey showed the 30-year fixed averaging about 6.10% in late January. That pullback, paired with roughly 9% more listings across the region, is starting to give buyers a little more negotiating power and a bit of breathing room in their home searches.
Where the Market Is Moving Faster
The slowdown is not evenly spread. Pockets with plenty of new construction and more flexible pricing are still seeing homes go under contract relatively quickly, while other neighborhoods are stacking up listings and moving at a crawl. Greater Nashville REALTORS® president Jack Gaughan said parts of the region actually saw an increase in homes under contract even as overall closings dipped, a pattern highlighted in local coverage.
What to Watch This Spring
The next test comes as the spring selling season ramps up. Watch whether those roughly 2,000 pending contracts make it to the closing table and whether mortgage rates hover near current levels. Together, those factors will help determine whether sales pick back up or the market stays in a slower, more measured gear. If listings keep climbing while rates hang around 6%, buyers should see more choices, and sellers may feel more pressure to price sharply and prep their homes so they stand out.
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