new home
Stock Image

There were 4,191 home closings reported for the month of June, according to figures provided by Greater Nashville REALTORS®. This figure is up 0.5 percent from the 4,172 closings reported for the same period last year.

“For the first time in three months, the market shows strong signs of stabilizing,” said Kristy Hairston, Greater Nashville Realtors president. “A 0.5 percent increase from last year is exciting and shows us that our buyer’s housing demand is strong. While it’s apparent the uncertainty of the last few months affected the market during the second quarter, we see that trend changing.”

Data for the second quarter of 2020 showed 10,345 closings, down 12 percent from the 11,823 closings during the second quarter of 2019.

A comparison of sales by category for June is:

June 2019 vs 202020192020  

2020 midyear report:

 YTD 2019YTD 2020  

There were 4,648 sales pending at the end of June, compared to 3,645 pending sales at this time last year. The average number of days on the market for a single-family home was 32 days. “The number of pending sales is unprecedented, and with over 4,600 pending sales, we could see the market hold strong in July. The rising median home sales price, continues to indicate a shortage of housing inventory in some areas,” added Hairston.

The median price for a residential single-family home was $331,448 and for a condominium it was $243,990. This compares with last year’s median residential and condominium prices of $319,990 and $231,689 respectively.

Inventory at the end of June was 9,682 down from 11,610 in June 2019.

The current inventory of properties by category, compared to last year, is:


For more information about market data, visit

About Us: Greater Nashville REALTORS® is one of Middle Tennessee’s largest professional trade associations and serves as the primary voice for Nashville-area property owners. REALTOR® is a registered trademark that may be used only by real estate professionals who are members of the National Association of REALTORS® and subscribe to its strict code of ethics.

The data collected for this release represents nine Middle Tennessee counties: Cheatham, Davidson, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson and Wilson.

Improve Your Heart Health with All-Natural Soltea Daily Supplement – Click Now to Save 25% Off Your First Order
All-Natural Heart Health Supplement – Save 25% Now
Coding for kids! Introducing programming games for the next generation. Get your kids coding today.
Start with a free trial.
Get a debit card for your kids, managed by you, and start raising financially-smart kids today!
Open your child’s account today.
The easiest way to compare and save on home and auto insurance. Match coverage, compare rates and save.
Find hundreds in savings now!
Grow Credit
Grow Credit is a free Mastercard you can use to pay your subscriptions while you build credit.
Start building your credit today!
Acorns helps you grow your money. Take control with all-in-one investment, retirement, checking and more.
Get a $5 bonus when you sign up.
Lower your bills and stay on top of your financial life with Truebil, the app that helps you save every day.
Take control & start saving money!
Overcome your credit card debt with Tally. Consolidate and save money while you pay it down.
Get started with Tally today.
Know your spending habits, anticipate overdrafts, and get up to $250. Only takes 2 minutes. No credit check.
Get your finances on track.