10/15/2026
If youāre trying to sell your home and feel like fewer people are shopping, itās not just you!
I pulled Greater Nashvilleās September showing data for the past three years. The average showings per month for active listings went from:
⢠September 2024: 5.68
⢠September 2025: 4.40
⢠September 2026: 3.51
Thatās a 38.2% decline in two years. (Comparing September to September helps account for the usual seasonal slowdown.)
But hereās an important distinction: this measures average showings per active listing. It doesnāt mean there are 38% fewer buyers.
I looked into a few things that help explain what sellers may be experiencing:
Buyers have more choices. Greater Nashville REALTORSĀ® reported 8,458 single-family listings available in September 2024, 9,946 in 2025, and 10,462 this September. Thatās almost 24% more competing inventory in two years. Buyersā attention can get spread across more properties.
People are still moving here, although the latest year shows a slowdown. Revised Census estimates put net migration into the broader Nashville metro at approximately 30,100 in 2023, 37,500 in 2024, and 26,300 in 2025. Thatās people moving in minus people moving out. These July-to-July estimates cover a larger area than this nine-county chart, and full-year 2026 figures arenāt available yet. Migration hasnāt followed the same steady decline as showings.
Financing has become more expensive. Freddie Macās late-September weekly averages were 6.08% in 2024, 6.30% in 2025, and 7.03% in 2026. As of today, October 15, the national 30-year average is 7.40%. That changes what buyers can comfortably afford each month.
Household budgets are feeling pressure, too. September inflation came in at 3.7% nationally. Higher everyday expenses can make buyers more cautious about taking on a larger housing payment.
So, here's what I see going on... more competition, expensive financing, and tighter budgets help explain why a growing region can still feel quiet inside an individual listing. These numbers point to likely influences; they donāt prove any one factor caused the decline.
For sellers, this makes pricing, presentation, and positioning especially important. I want to know how your home compares with the properties buyers can choose instead, and whether your showing activity is keeping pace with that competition.
Comment below and tell me what you're seeing in the market.