Should I buy new construction or resale in Nashville?

Deciding between new construction and resale in Nashville depends on what's most important to you, though both have seen some price shifts. The median price for all homes is around $539,900, down slightly from last year. Right now, there are more homes for sale. Active listings are up by 13.3% compared to last year, with 11,374 homes on the market. This means more choices for you, whether you're looking at new builds or existing homes. Homes are staying on the market a little longer than before. The median time a home sits for sale is 52 days, which is about six percent longer than last year. This could give you more time to consider your options and make a decision. Even with more homes available, prices are fairly steady. The median price per square foot is $263, just a little lower than last year. For all listings, the average price is higher at $878,561, showing that there are some very high-priced homes mixed in. About 18.7% of homes have dropped their prices. This is a bit less than last year, suggesting that while some sellers are adjusting, most are holding firm. The number of homes going under contract is also a bit lower, at 5,361 pending sales.