Middle Tennessee's December Housing Market Performance Provides a Solid Launch to the New Year

Middle Tennessee’s December Housing Market Performance Provides a Solid Launch to the New Year

Kenneth Bargers | January 7, 2026

Kenneth’s update January 7, 2026… Listings are remaining on the market longer -- Greater Nashville area’s real estate process exceeded the two-month mark (62 days) for the first time since January 2023 (61 days). Overall, the real estate production and values recorded a solid performance from Y-T-Y and M-T-M, as the housing inventory, predictably for winter months significantly declined.

The Greater Nashville REALTORS® recently released a report for the month ending December 31, 2025, as follows: There were 2,966 closings; 1,619 pending sales; 11,406 inventory; 62 days on the market; and the median price for single-family dwellings of $501,445, and $347,000 for condominium classifications. The data collected for this release represents nine Middle Tennessee counties: Cheatham, Davidson, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson, and Wilson.

The mortgage rates remained relatively stable during December 2025, per 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 Mortgage News Daily’s month’s flow for the Average 30-Year Fixed Mortgage Rates for the period of December 1, 2025, through December 31, 2025. The daily average began December 1st with 6.31%, the high was 6.36% on December 8th and ended the month’s reporting on December 30th as 6.2%.

Economic Challenges. National economic policies, as well as aggression in the world of geopolitics, challenge local real estate confidence and participation. Continued increases in consumable goods, consumers’ daily living expenses, increases in healthcare insurance, and the unpredictable daily fluctuation of the United States tariff policy directly affect the livability of Americans. Lack of consistent reporting updates for the economic engine introduced lack of confidence in the accuracy of the data points including GDP, Labor Market Data, Inflation Report, and Consumer Confidence Index become a challenge for future housing market production as we begin the year of 2026.

All Real Estate is Local! 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-ending 30-year fixed mortgage rate of 6.2%. 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.

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.

DECEMBER 2025 REPORTING PERIOD SLIDESHOW https://youtu.be/yNndBWIVNus?si=_56L2yhGK4farbqr