In October, home prices fell slightly from the month before, with a median listing price of $604,950.
The number of listings on the market remained practically unchanged from last month, but it is a bigger decrease than normal for this time of the year in Nashville, and homes are also selling slower than at the same time last year.
Home prices in Nashville
Typically, home price per square foot in Nashville tend to rise in October. But the most recent data shows that the price per square foot decreased by 0.5% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in Music City are smaller the national market.
Nashville inventory
In October, there were 3,164 homes for sale in Nashville, which was 0.3% less than the month before and 19.5% more than the same time last year.
Meanwhile, active inventory across the nation remained practically unchanged from last month to 1,100,001.
Time on market
Homes in Nashville take an average of 69 days to sell, according to October figures.
This is the same as the previous month and six days more than the same month last year.
For comparison, nationally homes spent an average of 63 days on the market in October.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Nashville, TN.