Davidson County, TN Housing Market Update: August 2026

Key Takeaways Davidson County was a buyer’s market in August: the median price fell 4.2% to $468,432, new listings jumped 23.5%, and months of supply rose about 20% to over 6. Homes sat on market for 66 days—19 days longer than the national median—and closed for just 97.2% of asking price, with only 12.1% of sales going above list. The flood of new supply reshaped the competitive landscape: inventory rose 7.7% while closings fell 7.0%, creating the widest buyer advantage Nashville has seen in years. Davidson County, TN Housing Market Snapshot Median Sale Price Pending Sales Active Listings Days on Market Sold Above List $468,432 (-4.2% YoY) 978 (-2.5% YoY) 6,702 (+7.7% YoY) 66 days (-3 days YoY) 12.1% (+0.3 ppt YoY) Davidson County’s (i.e. Nashville’s) housing market shifted decisively in buyers’ favor in August. A 24% spike in new listings swamped demand that was already weakening, pushing months of supply past 6 and dragging prices down more than 4%. The typical home sat on market for over two months, and multiple offers were uncommon. Nashville’s post-pandemic boom has fully unwound on price, and the balance of power now rests with buyers. Learn everything you need to know about...