Homebuyers nationwide are finally getting some good news: According to Zillow’s latest housing report, home affordability has improved for the first time in years. With mortgage payments trending lower, inventory rising, and incomes increasing, the market is shifting in favor of buyers — and Nashville shoppers have a unique opportunity to benefit.
If you’ve been waiting for the right time to purchase a new home from Legacy South, this may be the moment.
Affordability Hits a Three-Year High
Zillow’s October findings show a meaningful boost in affordability for today’s buyers:
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Typical monthly mortgage payments have dropped to about $1,778 (with 20% down).
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Household incomes have increased, while housing costs have eased by nearly 2%.
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Mortgage rates have dipped, lowering borrowing costs and expanding buyer purchasing power.
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Price reductions on existing listings are more common than usual for this time of year.
This unique combination is giving more buyers room to breathe — and more room in their budgets.
More Homes on the Market Means More Choice
Inventory is also improving nationally. Zillow reports:
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Listings are up 12.8% compared to last year.
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Supply is the strongest it’s been since early 2020.
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More markets are tilting toward buyers, creating a more balanced, less competitive environment.
For homebuyers, this means less pressure, more options, and more time to make thoughtful decisions.
What This Means for Legacy South Buyers in Nashville
Legacy South is known for building inspired, design-forward homes across some of Nashville’s most desirable neighborhoods. With affordability improving, buyers considering a Legacy South home stand to benefit in several ways:
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More attainable monthly payments: Lower rates can make owning a new construction home more affordable than renting — especially in Nashville’s growing market.
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More selection: Improved inventory gives shoppers a chance to explore multiple homes, communities, and floorplans without the rush.
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Less competition: The current seasonal slowdown, paired with a cooling market, can give buyers stronger negotiating power and a more relaxed experience.
Whether you're searching for a cottage-style home in a walkable neighborhood or a modern townhome close to the heart of the city, this market gives you more opportunities to find your perfect match.
How to Take Advantage of This Market Shift
If you’re thinking about buying a home in 2025, here are a few smart ways to maximize today’s conditions:
1. Explore Legacy South Communities
From vibrant city communities to peaceful suburban offerings, our homes are designed with intentional layouts, curated finishes, and long-lasting value.
2. Lock In a Floorplan You Love
Improved affordability gives buyers more flexibility to select a home that truly fits their lifestyle — not just their budget.
3. Take Advantage of Better Financing Conditions
Even a small shift in mortgage rates can make a noticeable difference in your monthly payment and long-term costs.
4. Make Your Move Before Rates Fluctuate Again
Markets change. Today’s favorable conditions won't last forever, so buyers who act sooner may save more.
Final Thoughts
For the first time in years, the housing market is becoming more accessible — and that’s welcome news for future homeowners across Nashville. Whether you’re buying your first home or upgrading to a new chapter, Legacy South is here to guide you through every step with craftsmanship, clarity, and care.
Ready to explore available homes?
Visit our communities page or reach out to schedule a tour.
