Monday Market Report: Nashville Real Estate October 19, 2026

Good morning, and welcome to this week's Monday Market Report on Nashville real estate. Every Monday I pull the latest numbers for Middle Tennessee and break them down county by county, so you can see what's happening on your own street instead of just reading headlines. Today we're looking at September 2026 closed sales, the most recent full month available.

Quick note on the data: the county figures below come from Realtracs MLS data as published in Grant Hammond's Middle Tennessee Real Estate Market Update for September 2026 (report date October 4, 2026). Those numbers are preliminary and can shift a little as late closings get entered. Mortgage rates come from Freddie Mac's Primary Mortgage Market Survey.

The Big Picture: Nashville Real Estate in September 2026

Here's the short version: Middle Tennessee has more homes for sale than it did a year ago, they're taking a little longer to sell, and prices are still edging up rather than falling. That's a market that's rebalancing, not one that's cracking.

Across the ten-county Realtracs region (September 2026 vs. September 2025):

• Closings: 3,073, down 4% from 3,205
• Median sale price: $444,169, up 2% from $437,000
• Average sale price: $631,993, up 5% from $601,444
• Average days on market (closed sales): 38, up from 33
• Months of supply: 5.41, up from 4.87
• Average active inventory: 14,249 homes, up 8% from 13,141

For perspective, a market with roughly five to six months of supply is generally considered balanced. We crossed into that range this year, and it shows up in how buyers and sellers are negotiating.

Mortgage Rates This Week

According to Freddie Mac's survey released October 15, 2026, the average 30-year fixed rate was 7.40%, unchanged from the week before and up from 6.27% a year ago. The 15-year fixed averaged 6.71%. Rates are a national average for borrowers with strong credit and 20% down, so your own quote can land above or below that.

Higher rates are a big part of why closings slipped year over year. They're also why I'm seeing more sellers offer rate buydowns and closing-cost help to get deals done.

Middle Tennessee County Comparison Table (September 2026)

Source: Realtracs MLS via Grant Hammond, September 2026, preliminary. Year-over-year changes by county were not published in this report, so I've only shown year-over-year comparisons for the region and for months of supply where earlier months were available.

County-by-County Breakdown

Davidson County

853 closings, a $450,000 median, 39 days on market and 6.46 months of supply. That's the most supply of any county on this list, though it eased from 6.89 in August. In places like East Nashville and Antioch, buyers have choices right now, and well-priced homes still move while the rest sit.

Williamson County

397 closings at a $950,000 median, with 41 days on market and 5.33 months of supply (up from 4.01 in June). Franklin and Brentwood remain the priciest corner of the region, and that steady rise in supply since summer gives buyers more room to negotiate than they had in the spring.

Rutherford County

404 closings, a $422,940 median, 35 days on market and 4.91 months of supply. Murfreesboro and Smyrna keep Rutherford one of the busiest counties by volume, and supply has crept up each month since June (3.96).

Sumner County

349 closings, a $446,000 median, 34 days on market and 4.32 months of supply. This is my home turf, and Hendersonville and Gallatin are still moving at a quicker pace than the region as a whole. Sumner is leaning a little more toward sellers than most of its neighbors.

Wilson County

307 closings, a $499,900 median, 34 days on market and 4.22 months of supply, the tightest supply of the nine. Mt. Juliet and Lebanon are holding firm, and supply actually tightened from 4.70 months in August.

Maury County

184 closings, a $422,998 median, 38 days on market and 5.45 months of supply (down from 5.84 in August). With plenty of new construction around Spring Hill and Columbia, builder incentives are worth comparing side by side with resale homes.

Robertson County

107 closings, a $375,000 median and the fastest pace in the region at just 25 days on market, with 4.58 months of supply. Springfield and the surrounding area offer some of the more approachable prices within commuting distance of downtown, and homes there are selling quickly.

Cheatham County

57 closings, a $415,000 median, 52 days on market (the longest in the region) and 5.22 months of supply. Ashland City and the river country around it is a smaller, slower market, so pricing right from day one matters more here.

Dickson County

72 closings, the region's lowest median at $345,500, 47 days on market and 5.81 months of supply. The town of Dickson remains one of the best values I can point to in the nine counties, and buyers have time to shop carefully.

What the Nashville Real Estate Numbers Mean for Buyers

• You have more options. With about 8% more active listings than last year, you're less likely to face a bidding war on most homes.
• Negotiation is back. Longer days on market mean sellers are more open to repairs, closing-cost help or a rate buydown, which can matter more than price at 7.40%.
• Look at the slower counties. Davidson, Dickson and Cheatham have the most supply or the longest days on market.
• Get pre-approved first. Robertson, Wilson and Sumner homes are still moving quickly, so be ready to act.

What It Means for Sellers

• Price for today's market, not last spring's. Prices are still up slightly, but buyers compare everything, and overpriced homes are the ones sitting.
• Presentation counts. Fresh paint, good photos and handled repairs help your home stand out among more listings.
• Consider buyer incentives. A seller-paid buydown can widen your buyer pool more than a small price cut.
• Know your county. A 25-day market in Robertson and a 52-day market in Cheatham call for different strategies.

Frequently Asked Questions

Is Nashville real estate a buyer's or seller's market right now?

It's close to balanced. The region had 5.41 months of supply in September 2026, up from 4.87 a year earlier. Davidson County leans toward buyers at 6.46 months, while Wilson (4.22) and Sumner (4.32) still lean slightly toward sellers.

What is the median home price in the Nashville area?

The ten-county region's median sale price was $444,169 in September 2026, up 2% from $437,000 in September 2025, according to preliminary Realtracs data. Davidson County's median was $450,000.

Which Middle Tennessee county has the lowest median price?

Among the nine counties in this report, Dickson County had the lowest September 2026 median at $345,500, followed by Robertson County at $375,000.

What are mortgage rates in Nashville this week?

Freddie Mac's national average for a 30-year fixed mortgage was 7.40% for the week of October 15, 2026, and the 15-year fixed averaged 6.71%. Your rate depends on your credit, down payment and loan type, so get a personal quote from a lender.

Are homes taking longer to sell in Nashville?

Yes, a bit. Closed sales averaged 38 days on market in September 2026 compared with 33 a year earlier. Robertson County was fastest at 25 days, and Cheatham County was slowest at 52.

Let's Talk About Your Next Move

Numbers tell part of the story, and the rest is about your goals, your timeline and your neighborhood. Whether you're buying your first home, moving up or getting ready to sell, I'd be glad to walk you through what these trends mean for you. No pressure, just good information.

Call or text me at 615-981-6272, email JasonLee@simplihom.com, or browse homes across Middle Tennessee at TourNashvilleHomes.com.

See you next Monday,
Jason Lee, REALTOR®, simpliHOM