Current Nashville Real Estate Market: What Buyers and Sellers Need to Know

Hi there, I’m Cody Huelsman with mygoodagent—founder, dog dad, musician—and I’m glad you’re here.

Nashville Market Snapshot—September 2026, as of October 5

In September, the Middle Tennessee real estate market—centered on Nashville—saw active inventory rise 8% year-over-year to 14,249 homes, offering more options for buyers. Months of supply edged up to 5.41, signaling a softer market than in summer. New contracts slid a bit (–3%), but the average sale price still rose 5% to $631,993, and the median price ticked up 2% to $444,169 (granthammond.com).

That means for sellers, there’s still opportunity—but pricing and presentation matter more than ever. Buyers, you now have more homes to explore and a little room for negotiation.

What Mortgage Rates Look Like Right Now

Mortgage rates remain elevated. Nationally, the Freddie Mac weekly average for a 30-year fixed-rate mortgage is 7.28% as of October 1, 2026 (freddiemac.com).

Locally in Nashville, lenders are offering a range—Resound Credit Union and Home Federal Bank both show 6.50% for 30-year fixed, while larger banks like Bank of America are at 7.50% (monitorbankrates.com). Mortgage News Daily reports a local average of 7.57% as of October 2 (granthammond.com). Meanwhile, the daily Mortgage News Daily index shows the national average at 7.61% on October 5 (mortgagenewsdaily.com).

If you’ve heard rates are over 7%, that’s accurate—but it’s also true that some credit unions are offering lower options, so shopping around or talking to a lender can make a difference.

What This Means for You

For Buyers:

Take advantage of growing inventory—there’s more to choose from. Inventory up 8% (granthammond.com).
Even though rates are high, there are local lending options in the 6.5% range. Be sure to compare.
Plan with a lender to understand your specific rate and payment—this isn’t the place for guesswork.

For Sellers:

Listings priced affordably and staged well can still draw strong interest. The average sale price is up 5% year-over-year (granthammond.com).
With a little less urgency in the market (more supply, slightly fewer contracts), realistic pricing is your friend.

How I Can Help—Putting It All Together

As a dog-loving musician turned agent, I keep things personal and plain-spoken. Whether you're buying or selling, I can help you:

Navigate Nashville’s changing inventory and price trends.
Connect with lenders offering a range of rates and terms.
Understand how your budget and goals translate into a winning strategy.
Present your home in the best light—or understand negotiation levers as a buyer.

Every buyer’s financial situation—and every seller’s goals—is unique. That’s why I work closely with clients and trusted local lenders to move forward with clarity, not confusion.

Let’s talk! Whether you’re getting started, just curious about your options, or ready to dive in, I’d love to chat about where you’re at—and where Nashville’s market is headed next.

Invite me for a coffee or a walk (my dog and I love both) and we’ll make a plan together.