Slight Decline in Housing Inventory and Population Growth

According to reports from Greater Nashville Realtors, as we wrapped up February and entered March, home sales were down slightly (less than a 2% drop) compared to the same point in 2017.

Inventory of available properties was also down a bit, which resulted in some buyers waiting until spring to purchase a home when they have a larger selection of prospective houses.

However, Nashville is still the It City, which means people are still moving here and buying homes here.

In turn, we have a limited supply of housing, especially in the entry level and median point price ranges. This can make the home search a little more challenging for buyers, but not impossible with a little patience. As usual, we expect the housing inventory to increase as we enter the spring months, and so will the housing competition.

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For all you buyers facing tough competition, you’ll have a few less people competing for homes, as Nashville’s population growth has dropped somewhat (from 108 to 94 per day).

That’s still significant population growth, so if you anticipate starting the home search process this spring, we welcome you to contact us soon to get any mortgage qualifications and other preparations out of the way, so you’ll be in a position to act quickly when you spot your dream home.


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About the Author

My wife and I live in Donelson, where we both were raised and graduated from high school (DCA Classes of 1983 and 1984).  Our current home is on the Cumberland River, very close to my childhood home and the former homes of both my McDonald and Rice grandparents.

Our daughter and son are grown now, and our daughter, Stephanie Miller, is my real estate partner.  She lives in Lebanon with her husband and their two children.  While Stephanie and I specialize in the areas of Downtown Nashville, Donelson, Hermitage, Old Hickory, Mt. Juliet and Lebanon, we have and do serve clients all over Middle Tennessee.

As a Nashville native, I’ve spent a lifetime watching our city evolve, and I am enthusiastic about showcasing it to others and serving their real estate needs.


1997 — 2000   Fleetwood HOA Board Officer

2013 — 2016   Rhythm at Music Row HOA Board Officer

2017   Greater Nashville Realtors: Housing Opportunities & Affordability Committee

2017 — 2018   St. Martin Square HOA Board Officer

2017 — 2019   Brentwood Photography Group Board

2018 — 2019   Senior Ride Nashville


National Association of REALTORS®

Tennessee Association of REALTORS®

Greater Nashville Association of REALTORS®