Inventory and Values Highlight Activity for Middle Tennessee’s June 2025 Housing Market
Middle Tennessee’s June housing activity produced a solid performance in overall value as well as activity.
MARKET CONDITIONSGREATER NASHVILLEMIDDLE TENNESSEE
Inventory and Values Highlight Activity for Middle Tennessee’s June 2025 Housing Market
Kenneth Bargers | July 8, 2025
Kenneth’s update 07082025… Middle Tennessee’s June housing activity produced a solid performance in overall value as well as activity within the key reporting segments of Closings, Pending Sales, Housing Inventory, Days on the Market, Values of Single-Family Dwellings and Condominium classifications. Housing inventory leads the reporting data as it continues to grow and ended June 30, 2025, with listing availabilities of 14,416. Home values were also a highlight as the median value increased to $528,297. Overall improvement from M-T-M, and an improvement in several sectors from Y-T-Y are noted.
Mortgage rates ended the month lower and remained below 7% during the weekly reporting period from several different surveys including Mortgage News Daily (daily index), Freddie Mac (weekly survey), Mortgage Bankers Association (weekly survey) and FHFA (monthly survey). The following chart, courtesy of Mortgage News Daily, demonstrates the month’s flow for the Average 30-Year Fixed Mortgage Rates for the period of June 1, 2025, through June 30, 2025.
The continuing saga of instability of our National economic policies and economic goals appear to be influencing home buyers as the forecasted return of home buyers expected for spring has not matched the activity of the home sellers, to date, with an impressive increase in available listings growing each month in 2025. The Greater Nashville area offers diverse and solid economic conditions as an incentive for Buyers to invest in the Middle Tennessee real estate market, as well as an abundance of available listings and the month’s leveling of mortgage rates below 7%. It truly is a great opportunity to focus on the local conditions and for Buyers to take advantage of the current conditions. Should you jump into the real estate market? Contact your trusted lender to evaluate your home buying power dollars, and your favored REALTOR®, to discuss the current conditions and take advantage of the home buying and selling process.
The Greater Nashville REALTORS® recently released a report for the month ending June 30, 2025, as follows: There were 3,185 closings; 2,621 pending sales; 14,416 inventory; 47 days on the market; and the median price for single-family dwellings of $528,297, and $340,000 for condominium classifications. The data collected for this release represents nine Middle Tennessee counties: Cheatham, Davidson, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson, and Wilson.
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Pending home sales – Pending Home Sales is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing. Pending contracts are good early indicators of upcoming sales closings. However, the amount of time between pending contracts and completed sales is not identical for all home sales.
JUNE 2025 REPORTING PERIOD SLIDESHOW: https://youtu.be/L-YDJskjC8c?si=4-HkXie55UN-b0-b
