Is Nashville inventory rising or falling?

Inventory in Nashville is rising. There are more homes for sale right now than there were at this time last year. Right now, there are 12,150 active listings, which is 12.0% more than what we saw over the past year. This means you have more choices if you are looking to buy a home. Even with more homes available, fewer new listings are coming onto the market. New listings are down by 2.4% over the past year. This suggests that while homes are staying on the market longer, fewer *brand new* properties are being listed. Homes are also taking a bit longer to sell. The typical home is spending 62 days on the market, which is 5.1% longer than the previous year. This gives buyers more time to make decisions. Overall, if you are looking to buy, the increase in available homes and the longer time they stay on the market could mean more opportunities for you to find a good fit.

Nashville's housing inventory is rising right now. There are more homes available for sale compared to last year. Specifically, the number of active listings in Nashville is up 12.6% over the past year, reaching 12,197 homes. This means buyers have more choices when looking for a home. Despite this increase in available homes, the number of new listings coming onto the market has only slightly risen by 0.6% compared to last year. This suggests that while more homes are staying on the market longer, fewer *brand new* listings are popping up. Homes are also taking a bit longer to sell, with the median days on market now at 60 days, up 1.7% from last year. This tells us homes aren't flying off the shelves as quickly. For someone looking to buy a home in Nashville, more inventory generally means more options and potentially a bit more breathing room to make a decision.