US EditionPotential Nashville Home Buyers Are Pressing Pause Amid High Interest Rates, Rising Prices
UNITED STATES, JUL 21 – U.S. housing inventory rose to the highest level since 2019, with 26.6% of listings cutting prices amid slower buyer demand and increased contract cancellations, Redfin reported.
- On July 21, 2025, Zillow data showed 1.36 million homes for sale in June, the most since November 2019.
- With buyers having more options, Zillow reported 26.6% of listings cut their prices last month, reflecting a market balanced or favoring buyers.
- Markets in the Sun Belt and Mountain West experienced peak price cuts, with 38% in Denver and mid-30s percentages in Raleigh, Dallas, Phoenix, and Nashville.
- Cancellation data show 14.9% of home-sale agreements were canceled in June, the highest June rate since tracking began in 2017.
- According to Redfin's forecast, home prices are expected to fall 1% by the end of 2025, with mortgage rates remaining near 6.8%.
12 Articles
12 Articles
Don’t Buy a Home, Rising Mortgage Rates
During any given week, mortgage rates may rise or fall. However, on the whole, they have stayed relatively high. According to Realtor.com, home inventories are currently very low, as home prices continue to reach new highs. Home prices are likely to continue rising. Recent S&P CoreLogic monthly data show that home prices have increased at over 3% year-over-year for all of 2025. 24/7 Wall St. Key Points: Mortgage rates remain high, and home pri…
Potential Nashville home buyers are pressing pause amid high interest rates, rising prices
NASHVILLE, Tenn. (WKRN) — Homeownership has long been part of the American dream. In Nashville, that dream is starting to feel just out of reach for many would-be buyers. "I think we are seeing people be more cautious," local realtor Kelly Ladwig said. "I think for the first time in a really long time we have a much larger supply in homes than we've seen." 📧 Have breaking news come to you: Subscribe to News 2 email alerts → Ladwig said one of …
Spectrum News 13
More homebuyers canceled contracts in June amid high prices, economic fears
The inventory of unsold homes hit a five-year high in June, Zillow reported.
Home Inventory Hits 5-Year High as Price Cuts Surge - Greater Phoenix In Business Magazine
Slower demand from buyers has more homes for sale now than at any time since 2019, according to the latest market report from Zillow. With homes lingering on the market and less competition for them, a long-anticipated balance of power between buyers and sellers looks to have finally arrived. Price cuts are most common among…
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