Closing Volume: -5% lowerAverage Closed Prices: +3% higher at $761,398Pending Volume: +4% higherInventory: +4% higherDays on Market: 42 days in February 2026 vs 32 days in February 2025I'm a little
Closing Volume: -5% lower
Average Closed Prices: +3% higher at $761,398
Pending Volume: +4% higher
Inventory: +4% higher
Days on Market: 42 days in February 2026 vs 32 days in February 2025
I'm a little surprised closings are a little lower this February vs last year, but pendings are up, so we may see home sales increase over the next few months if rates continue to lower.
Days on Market has edged up to 42 days from 36 days, so homes are taking a little longer to sell.
Prices continue to rise, but only at a modest 3%. The snow and colder weather could be the reason for a slow start to home sales this year.
Let's see what the warmer weather does over the next few weeks.
Thank you,
Steven Dotson
The Red Report: This monthly home sales report is a comparison of the most recent completed month to the same month last year. All Red Reports include Davidson, Wilson, Williamson, and Rutherford counties.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of RealTracs Solutions as distributed by MLS Grid. Real estate listings held by brokerage firms other than Red Realty are marked with the Internet Data Exchange Program logo or thumbnail logo and detailed information about them includes the name of the listing brokers.
