Home sales drop from July, but up compared to ‘20

Figures lie and liars figure. Based on the month-over-month change in Davidson County housing statistics, a real estate columnist could write a cliche such as “like the weather, the Nashville real estate market is cooling off some'' without being inaccurate. From July to August, average days on market more than doubled, median home price fell by more than $56,000 and total transaction volume dropped in Davidson County.

But using the same figures, the headline “August housing numbers show the market continuing to heat up” is also accurate. Year over year, the median home sales price and transaction volume increased in August.