August 2026 Nashville Market Report
Middle Tennessee kept moving toward balance in August. Inventory grew, closings slowed, and single family prices held, while the condominium market softened more noticeably.
Published September 10, 2026 · 5 min read
The full August 2026 Nashville Market Report is above and can be read page by page. Below is the short version of what it says about Middle Tennessee residential and condominium activity, along with what it means if you are planning a move this fall.
The headline
August continued the market's transition toward balance. Inventory expanded and gave buyers more choices, while single family values stayed resilient. Across county and city single family markets, average sale prices rose 3 to 5 percent year over year even as closings declined and months of supply increased roughly 18 percent.
Greater Nashville at a glance
Greater Nashville inventory reached 15,637 properties, up 7 percent from August 2025. Days on market averaged 55, up 12 percent year over year. Homes are still selling, but they are taking longer and buyers have more to compare.
Single family by county
County single family average and median sale prices both increased 3 percent year over year. Closings fell 10 percent and months of supply rose to 5.12. That combination is the definition of a normalizing market rather than a falling one, and it puts a premium on pricing correctly in the first two weeks.
The condominium picture
Condos shifted further than houses. Active condo inventory rose 19 percent and months of supply reached 6.98, close to seven months, while average condo prices declined 4 percent. New condo contracts still increased 4 percent, which says buyers are engaged when the price and the value line up.
What it means for you
If you are buying, August was the friendliest month of the year so far. More inventory, longer days on market, and more negotiating room on condos in particular. If you are selling, the market still rewards well prepared and correctly priced homes, and it punishes anything priced on last spring's numbers.
A balanced market is not a bad market. It is a market where preparation and price do the work that urgency used to do.
If you want the numbers applied to your street rather than the region, we are glad to walk through them with you.
Frequently asked
Not for single family homes. County single family average and median sale prices were both up 3 percent year over year in August 2026, and across county and city markets average sale prices rose 3 to 5 percent. Condominium average prices were the exception, down 4 percent.
Days on market averaged 55 in August 2026, up 12 percent from August 2025. Correctly priced and well prepared homes continue to sell faster than that average.
It is moving toward balance. Single family months of supply reached 5.12 and condominium months of supply reached 6.98. Under roughly six months favors sellers and above it favors buyers, so houses still lean slightly to sellers while condos now favor buyers.
August was the strongest negotiating position condo buyers have had in a while. Active condo inventory rose 19 percent and average prices softened 4 percent, and new condo contracts still increased 4 percent, so buyers are transacting where pricing is realistic.
The August 2026 Nashville Market Report, compiled from Greater Nashville REALTORS® data and published by Berkshire Hathaway HomeServices Woodmont Realty. The full edition is embedded at the top of this post.