The Sun Belt has caught a chill, as some of the nation’s hottest housing markets from a few years ago have cooled substantially.

Take Nashville, Tennessee, for instance. In the first six months of 2022, its median listing price skyrocketed 24% , from $453,000 to $561,468. The peak came in July 2023 ($590,000). Nashville’s listing prices have tailed off since then, with the median falling to $529,000 in March 2026. The eye-popping growth simply wasn’t sustainable.

While the change from seller’s to buyer’s market is perhaps most obvious in the Sun Belt, the real estate market nationwide has shifted during the past couple of years. That ought to have both buyers and sellers reevaluating how they go about these transactions.…