Is Nashville a seller's market right now?

Nashville is currently more of a seller's market, but conditions are becoming more balanced. Prices are slightly down from last year, and homes are taking a bit longer to sell. The median listing price in Nashville is $539,900, which is a small decrease of 1.7% from last year. This means that while prices are still high, they aren't growing as fast as they used to. Homes in Nashville are staying on the market for a median of 52 days, which is 6.1% longer than last year. This shows that buyers have a bit more time to make decisions. There are more homes for sale now, with active listings up 13.3% from last year to 11,374. This gives buyers more choices. However, the number of new homes coming on the market has also increased by 5.0%, bringing 4,736 fresh options. Even with more homes available, nearly one in five listings, 18.7%, had a price reduction. This is a bit less than last year, suggesting that sellers are adjusting their expectations. For sellers, it's important to price your home competitively. While there are a good number of buyers, they have more options and are taking longer to decide.