Nashville Housing Market Update: A Slower Summer Than Usual

If it feels like the market has been moving at a crawl this summer, you’re not imagining it. National home sales data points to the fourth consecutive summer of slower demand, and sales are at their slowest pace in a decade.

According to Redfin, the typical US home listed in July spent 43 days on the market — more than a week longer than last year and the slowest July since 2015. In Nashville the average for July was 64 days on market.

Why Fewer Homes Are Hitting the Market

Sellers are paying attention. New listings were down 8% year-over-year in July in Nashville, even though overall inventory is still up 30% compared to last summer.

Why? Many homeowners are hesitant to list after watching their neighbor’s home sit for weeks or sell below asking. Others are choosing to hold onto their properties, either renting them out or pressing pause on moving plans — especially those who bought at peak pricing during the pandemic and are worried about taking a loss.

What This Means for Buyers and Sellers

For buyers, this slowdown creates opportunities. With homes sitting longer, there’s more room for negotiation — especially on properties that have been lingering on the market.

For sellers, pricing strategy is critical right now. Buyers are patient, and overpricing can mean weeks (or months) on the market. Thoughtful staging, strategic marketing, and clear positioning matter more than ever in a climate where buyers have options but are moving cautiously.

Questions?

WENDY MONDAY • BROKER

Onward Real Estate

@wendymondaysellingnashville on socials

wendy@wendymonday.com

615.642.1313

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