Nashville Housing Market Cools Slightly, But Remains Sizzling Hot
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Nashville Housing Market Cools Slightly, But Remains Sizzling Hot
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Of course, in true Music City style, not every neighborhood’s reading from the same songbook. Over in **West Nashville**, prices are actually up—about 4.6% year over year, with a median sale price clocking in at $725,000, per Redfin’s latest roundup. That said, even the west side can’t escape the slower sales tempo, with homes taking a little longer to find their fans. Some are calling this a “dynamic growth” phase, as Matt Ward Homes notes, and you’ll still find those signature mid-century gems getting snapped up, proving there’s plenty of niche buzz left in the market.
Builders aren’t immune to the temperature change. National sources like NewHomeSource are reporting that **new-home prices have fallen in several key markets** across the country, and Nashville is following this trend—prices here are hovering just within 3% of previous peaks as of April, Zonda data confirms. The reasons are pretty straightforward: builders moving farther from downtown, and a concerted effort to court budget-conscious buyers with incentives and flexibility. If you’re hoping for builder discounts, now may be the time to sweet-talk your agent.
But don’t expect big bargains on the rental side. Realtor.com’s June 2025 Rental Report shows that **rents nationwide have ticked down** slightly, but the savings of renting versus buying remain significant—by over $900 a month on average in major metros. That monthly math likely carries over to Nashville, considering the region's persistent investment push and ongoing battle over rising rents, as highlighted by United States Real Estate Investor.
Meanwhile, commercial real estate giant CBRE is optimistic about multifamily: **shrinking pipelines, solid job growth, and strong renter demand are expected to keep occupancy rates high and rent growth on an upswing**, especially as single-family homes remain out of reach for some.
If you’re wondering why Tennessee still seems irresistible, just check Instagram—agents love to show off all those out-of-state license plates at open houses. Even as things rebalance, the buzz—and the buyers—just keep coming.
That’s the latest Nashville real estate and housing chatter for this week. Thanks for tuning in, and don’t forget to come back next week for another update. This has been a Quiet Please production. For more, check out QuietPlease.AI..
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