Nashville Sellers ‘Need to Pack Their Patience’ For a Housing Market That Now Strongly Favors Buyers
Redfin, a subsidiary of Rocket Companies, released a report identifying Nashville as the nation's second-strongest buyer's market with 129% more home sellers than buyers in June. The data indicates shifting conditions with new listings up 9.4% year-over-year, a typical time-on-market of 78 days, and an average price cut of 3.4% for sellers who reduced their asking price.
Key figures
- Price yoy nashville
- 2.8%
- Median price nashville
- 500000
- Avg price cut nashville
- 3.4%
- National seller surplus
- 48.5%
- Days on market nashville
- 78
- New listings yoy nashville
- 9.4%
- Cancellation rate nashville
- 13.1%
- Pending luxury sales yoy may
- 24.5%
- Seller buyer surplus nashville
- 129%
- Listings with price reduction june
- 17.7%
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.