Greater Nashville condo competition: first-quarter 2026

What does the research show?

A regional market total can hide differences in how much inventory competes for completed transactions. Greater Nashville REALTORS' first-quarter monthly tables provide a useful example in residential and condominium housing.

For March 2026, the association reported 9,177 residential inventory and 2,216 residential closings, compared with 2,489 condominium inventory and 385 condominium closings. Dividing inventory by that month's closings produces 4.14 for residential and 6.46 for condominiums.

The condominium ratio was approximately 56.1% higher. Within those two categories combined, condominiums accounted for 21.3% of inventory but 14.8% of closings.

Source: Greater Nashville REALTORS monthly home sales report, March 2026 table retrieved from indexed primary-page text. The report covers nine counties: Cheatham, Davidson, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson and Wilson.

Source: Greater Nashville REALTORS monthly home sales report

Why the calculation is useful

The comparison places inventory in relation to transaction activity. Counting available properties alone does not describe the amount of competition faced by a segment with a different sales volume.

This calculation is a research ratio, not the association's published months-of-supply measure. Its denominator is one month's closings. It does not account for pending contracts, future listings or the timing of each active property's entry to the market.

Nor is it a prediction that a condominium would take 6.46 months to sell. Converting a group-level inventory ratio into an individual selling-time forecast would overstate what the data shows.

The distinction predates the latest luxury report

The separate luxury report supplied for this research also distinguishes attached and single-family performance. But the two sources should not be combined into one continuous series.

The association's residential and condominium categories cover a nine-county region and are not limited to the Institute's luxury thresholds. The Institute uses an attached category, sets separate luxury starting prices and does not specify its exact Nashville boundary in the supplied PDF.

These sources can suggest a question worth testing: do comparable attached segments carry more competition relative to sales when geography, price and time are matched? They cannot answer that question by being placed side by side without those controls.

What a seller can take from the historical finding

A property-specific review should compare available competition and completed transactions within the same segment. It should also examine pending activity and recent listing changes when those records are available.

For an attached-home seller, the relevant competitors may be concentrated in a particular development or building. For a buyer, differences in ownership costs and property characteristics may make two similarly priced units poor substitutes.

The first-quarter figures justify asking more precise questions about competitive supply. They do not establish today's price recommendation. A current decision should use an updated, consistently defined set of comparable properties.

Source access and historical limits

The association's live report returned an access error during research. January–March category tables were available in its indexed primary-page text. A current August headline was separately visible in the association's search result, but the complete August table was not recovered. Historical figures are intentionally kept historical.

Data, sources and reproduction

This article analyzes published aggregates. It is not a listing-level MLS export. Download the input rows used for the study and read the research methods for definitions, formulas and exclusions.