by Calculated Risk on 8/15/2021 11:18:00 AM

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.