Nashville home closings drop 12 percent in October

The Nashville housing market saw a sharp decrease in activity last month. Home sales in the region fell by 12 percent in October compared to the same period last year.

A new report from Greater Nashville Realtors shows that 2,540 home closings occurred in October. That number is a drop from the total recorded in October 2025. The median price for a single-family home also changed. It dipped below $500,000 in the latest month. Last October, that figure stood at $515,000.

Jack Gaughan, president of Greater Nashville Realtors, noted that the drop in sales did not cause a massive crash in prices. The median residential sales price only decreased by 3 percent. Gaughan said, 'Despite the decline in closings, the median residential sales price decreased only 3 percent.' He added that this suggests softer demand has not translated into equally significant price declines across the broader market.

The data reflects a slower pace in the local real estate sector. Buyers and sellers navigated a month with fewer transactions and slightly lower valuations. The figures place the current market state in direct contrast with the higher volumes seen twelve months prior.