I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.
From the Greater Nashville REALTORS®:
Closed sales (single and condo) in July 2021 were 4,089, down 7.8% from 4,433 in July 2020.
Active Listings in July 2021 were 4,105, down 43.0% from 7,199 in July 2020.
Inventory in July was up 21.6% from the previous month, and up 30.0% from the record low in May 2021.