Inventory in McFerrin Park has expanded notably in this rolling three-month view, with active listings only slightly lower than a year ago while months of supply has surged to 25.7, far above Nashville’s 6 months. At the same time, contract activity has cooled, as homes sold are down more than half year over year and pending sales have dropped by nearly 50 percent. New listings, however, are up solidly from last year, adding more options for buyers to consider.
Pricing has been adjusting to this slower pace. The typical home value is down about 9 percent year over year, and the median list price has slipped modestly compared with last year, reflecting softer demand. Even with these declines, sale prices are holding close to asking, with an average sale-to-list ratio just above 100 percent and a much larger share of homes closing above list price than a year ago.
Homes are moving more quickly than they did last year, with median days on market down about 20 percent, and roughly two-thirds of listings going off the market within two weeks. That faster tempo suggests well-priced homes can still attract serious buyer interest despite the abundant supply. In a neighborhood where conditions tilt toward buyers but strong offers still matter for sellers, Agent Pronto can connect both buyers and sellers with an agent who understands these shifting trends.
