MARCH 2026

SINGLE FAMILY OPERATIONS NEWSLETTER

WHAT'S INSIDE THIS MONTH

Single Family Loan Programs and Economic Outlook by Quarter Reports

2026 TN Housing Market at a Glance

Lender Notices

Lender Training

Realtor Training

Tennessee Housing Trends

Lender Rankings

SINGLE FAMILY LOAN PROGRAMS
AND
ECONOMIC OUTLOOK BY QUARTER REPORTS

THDA offers various homeownership programs to assist Tennesseans of low and moderate incomes. Single Family Loan Program Reports discuss the different types of loans available, analyze the data and activities of THDA single family programs, and determine the economic impact generated through these programs.

Each quarter, THDA will release some key metrics on the state of the housing economy, incorporating a variety of data sources and approaches to consider important trends across the State of Tennessee.

CLICK FOR FULL REPORT

CLICK HERE FOR ECONOMIC OUTLOOK

2026 TN HOUSING MARKET AT A GLANCE

THDA’s 2026 Housing Market at a Glance series offers housing partners an assessment of the biggest issues in the state’s housing market as well as where the state is headed over the next decade. In each of its five briefs, we dive into a key component of the housing market in Tennessee and break down its implications. For topline findings, please reference the Housing Market at a Glance Overview.

This series was released in February 2026 and uses the most current data available at the time.

CLICK FOR FULL REPORT

LENDER NOTICES

LENDER TRAINING

Great Choice & HFA Advantage Operations Training

Live via WebEx

This training covers all the basics of the Great Choice Loan Program and is required for all newly approved lenders, as well as serving as a refresher course for experienced staff. Topics include Eligibility Criteria, Homebuyer Education Requirements, Rate Lock & Loan Submission, Underwriting, Closing & Funding Requirements, and processes for each. While this is a prepared presentation, we will still leave plenty of time at the end for questions.

Click Here for Additional Lender Training

Morning Sessions 9:00 AM-10:30 AM Central/ 10:00 AM-11:30 AM Eastern

April 8 Topic: HFA Advantage

Afternoon Sessions 1:00 PM- 2:30 PM Central/ 2:00 PM- 3:30 PM Eastern

April 8 Topic: Great Choice

Please email rbicknell@thda.org for a monthly calendar invitation

REALTOR TRAINING

We are happy to announce our 2026 THDA Virtual Training Sessions for Realtors.

March 25th at 9:00AM CT

Topic: Freddie Mac HFA Advantage Training, 2 hour CE

April 6th at 9:00AM CT

Topic: Increasing Minority Homeownership Training, 1 hour CE

Click to Register

TENNESSEE HOUSING TRENDS

As part of my role as one of THDA’s Real Estate Industry Advisors, I try to keep up with state housing sales data in some of our biggest markets. The national, state, and local Realtor associations do an incredible job of pulling together this information and making it available to their members and the public at large. I thought that it might be beneficial to have some of this data complied together in one place. I’ve included the credits for this information below; please check in with these organizations to learn more about housing sales in their markets.

National Housing Trends: The NAR Housing Affordability Index “measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent price and income data.” Learn more about the index here.

Credit to the National Association of Realtors

Homeowners Still Seeing Record-High Housing Wealth
National Market Snapshot for January 2026:
- 91 million units sold (-4.4% Y/Y or Year-over-Year)
- Median Price: $396,800 (+0.9% Y/Y)
- 22 million Homes for Sale (+3.4% Y/Y)
- 7 Months of Inventory (3.5 months in January 2025)

State Housing Trends: Credit to Tennessee Realtors

Market Snapshot for February 2026:
- Months of Inventory: 5.37 (+4.9% Y/Y)
- Closed Home Sales: 5,772 (-5.1% Y/Y)
- Listings: 42,260 (+4.5% Y/Y)
- Median Home Sales Price: $365,000 (+0.2% Y/Y)

Chattanooga: Credit to Greater Chattanooga Realtors

January 2026:
- Listings: 3,317 (+21.6% MTD or Month to Date)
- Days on Market: 63 (+12.5% MTD)
- Median Sales Price: $330,000 (+1.5% MTD)
- Pending: 823 (+8.9% MTD)
- Closed Sales: 575 (-1.9% MTD)

Knoxville Area: Credit to East Tennessee Realtors

December 2025:
- Median Sales Price: $370,000 (0% Y/Y)
- Total housing inventory has increased 18.7% from the previous year.
- Home Sales: +15.1% Y/Y
- New Listings: 4,237 (-13% month over month)
- Days on Market: 38 days (up from 30 days one year ago)

Memphis: Credit to the Memphis Area Association of Realtors

January 2026:
- Closings: 765 (-34.5% Y/Y)
- Median Sales Price: $200,000 (+5.3% Y/Y)
- Average Sales Price: $236,238 (-5.5% Y/Y)
- Single Family Listings: 3,666
- SF Average List Price: $365,295
- Pending SF Sales: 1,111
- Pending SF Average List Price: $334,830
- Foreclosures: 26 (-23.5% Y/Y)

Nashville: Credit to the Greater Nashville Realtors

February 2026:
- Closings: 2,133 (+.4% Y/Y)
- Inventory: 12,315
- Months of Inventory: 6
- Median Price: $499,900 (Condo: $338,500)
- Pending Sales: 2,433 (-2% Y/Y)
- Days on Market: 72

Northeast Tennessee: Credit to the Northeast Tennessee Association of Realtors

February 2026:
- Existing Home Sales: 520 (+9.2% Y/Y)
- Inventory: 2,238 (+12.3% Y/Y)
- Average Sales Price: $302,965 (-2.5% Y/Y)
- Median Sales Price: $275,000 (+5.6% Y/Y)
- Median Days on Market: 94 (91 in February 2025)
- New Listings: 692 (-6.2% Y/Y)