Housing numbers in Nashville are down month to month across the board. That includes inventory, closings, and median price.

When you look at home sales year over year, November homes sales show a moderate decrease from November 2017, but inventory is up 25-percent.

There were more than 220 closings last November than there were this year and 2,550 more homes on the market in November 2018.

Sher Powers with Greater Nashville Realtors told News 2 that more houses are on the market, but fewer have sold due to what she describes as “buyer exhaustion.

She said, “They’ve been competing particularly in the lower price points with quite a few other people. They’ve gotten disappointed and decided that they would prefer to wait. They put in several offers and they don’t get a home and then they’ve got to find a place to live or their lease is coming up and they’ve got to make a decision for the next year. So things like that have impacted. Another thing is that buyers are going farther out to get homes that are in a price point for them.”

Powers says this is a trend nationwide. 

Comparison of sales by category for November: 

Property inventory comparison:

News 2 tracks the historic growth in Middle Tennessee with our special Nashville 2018 reports. Click here to learn more.