In Nashville, luxury pending sales climbed yearly during the three months ending May 31, showing stronger activity in the city's high-end housing segment.
The gain reached ~25%, placing Nashville among the metros with the largest increases in luxury pending sales during that period in the study.
The analysis classified luxury homes as properties in the top ~5% of a metro's price range, the segment where Nashville stood out.
For comparison, non-luxury homes covered the 35th to 65th percentiles, the middle market segment used to benchmark Nashville's luxury activity in the analysis.
The broader takeaway for Nashville's high end: wealthy buyers appeared less affected by high mortgage rates, helping luxury demand keep moving despite affordability pressure.