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What I learned about being a buyer

Finding a home in this market is no doubt stressful. Finding a “good deal” on a house in this market is almost impossible. Granted, I came into this situation with a totally different perspective. I wasn’t “looking” to move, and I didn’t need to move. We were totally happy in...

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514 Maplegrove Drive is now available

Our Newest Listing hit the market today, 514 Maplegrove Drive, Franklin, TN 37064. This adorable 3 bedroom, 2.5 bath home is located in the popular Maplewood Subdivision. Nicely updated and ready for it’s next owners to feel right at home. Offered at $329,9000; exclusively listed with Misty D. Woodford, Benchmark...

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What is going on in this market?

The number one question I am asked everywhere I go these days is, “Are you loving this market?” Well, honestly, it’s a little crazy. Everyone loves a good economy and rising home prices. However, the market is crazier than I have ever seen it. As I was reviewing the monthly...

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Foreclosure Rate Drops to New Post-Crisis Low

According to CoreLogic National Foreclosure Report, approximately .4% of Tennessee Mortgages are in foreclosure. In 2008, during the height of the crisis in Tennessee, 1.7% (average) of homes were in foreclosure. Shelby, Hamilton, and Davidson Counties were hardest hit by the crisis. Many factors have played a roll in the...

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May 2016 Sales Statistics

Homes sales remained steady for the month of May with a total of 532 closings versus 541 closings in May 2015, which was a slight decline of 1.6 percent. The median sales price rose 5.6 percent to $433,000 in May 2016 from $409,999 during the same period last year. Year-to-date...

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April 2016 Sales Statistics

Home sales in April 2016 rose 19% over April 2015, netting 474 residential and single family closings. The median price, $433,000 was a slight increase over the previous year. Inventory, currently at 1776 residential units, still shows a tight supply at just under 4 months of inventory. The median price...

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About Misty

Misty D. Woodford is a REALTOR with
Benchmark Realty, LLC.
318 Seaboard Lane, Ste. 115
Franklin, TN 37067
Cell: 615-512-3351
Office: 615-371-1544

DAVIDSON COUNTY
UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
1037 $385,100 47 98% $185.77 2.2

RUTHERFORD COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
588 $275,074 38 99.5% $128.85 1.6

MAURY COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
155 $253,797 55 98.9% $128.92 2.4

WILLIAMSON COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
540 $567,428 50 98.8% $178.90 3.0

WILLIAMSON COUNTY

DETAIL BY CITY

CITY CLOSED UNDER CONTRACT MEDIAN SALES PRICE AVG. DOM
ARRINGTON 6 10 $727,450 102
BRENTWOOD 90 127 $716,000 38
COLLEGE GROVE 10 55 $558,750 34
FAIRVIEW 29 20 $265,000 37
FRANKLIN 215 433 $525,000 25
NOLENSVILLE 62 142 $513,248 55
SPRING HILL 71 118 $354,332 22
THOMPSON’S STATION 52 72 $398,250 22

Williamson County residential single-family home median sales price stayed steady at $499,950. This is compared to last months median sale price of $503,250.

Days on Market (DOM)  for single-family residential homes lowered to 32, from April’s DOM of 42. May 2017 DOM was also 32.

May’s 2018 single-family residential home inventory rose slightly to 1, 417 units. This is an increase from 1,293 units in April.

Arrington ($727,450), Brentwood( $716,000), College Grove ($558,750) are the top three cities for highest median sales.

Average sales prices fell below prior month in Davidson and Williamson county. When compared to May 2017, Rutherford and Maury still show double digit price increases, while the remaining counties range from 4.3% to .5% increase in average sale price.

Sales in May 2018 indicate fewer homes sold in Davidson, Maury, and Williamson compared to May 2017. Sales continue to absorb new inventory as quickly as it comes onto market. Months of Supply heading into June did increase slightly in every county. New home sales ranged 13.0% to 33.1% of total homes sold during the past 12 months.

For stats from previous months, click here