Nashville's housing market cools as buyers gain leverage

Nashville has become the nation’s second-toughest market to sell a home, according to Redfin, with buyers outnumbering sellers by about 128.8% as inventory rises and days on market lengthen to a median of 78 (vs 49 nationally). Listings are up 9.4%, and prices have cooled to about a 2.8% year-over-year gain to just under $500,000, reflecting higher mortgage rates and new construction. Buyers are leveraging concessions like closing-cost credits and repairs, signaling a shift away from the pandemic-era seller frenzy toward a more balanced market.