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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

JANUARY STATISTICS

DAVIDSON COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
634 $363,637 60 96.3% $178.78 1.8

RUTHERFORD COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
308 $263,688 38 99.5% $127.08 1.4

MAURY COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
132 $248,514 47 98.1% $129.57 2.0

WILLIAMSON COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
271 $582,297 65 98.2% $181.12 2.5

WILLIAMSON COUNTY

DETAIL BY CITY

CITY CLOSED UNDER CONTRACT MEDIAN SALES PRICE AVG. DOM
ARRINGTON 5 8 $749,510 20
BRENTWOOD 35 73 $900,228 66
COLLEGE GROVE 6 48 $795,894 52
FAIRVIEW 10 26 $246,550 30
FRANKLIN 115 276 $483,910 52
NOLENSVILLE 30 112 $469,550 30
SPRING HILL 53 85 $360,000 25
THOMPSON’S STATION 17 46 $460,485 29

January 2018 average sales prices for the month are still tracking higher than January of 2017 with Williamson increasing by 16.6%.  However, compared to December 2017, all counties have decreased.

Months of Supply remains relatively the same as December.  Total supply was 3.0 months in Williamson and 1.8 months in Rutherford.  Homes entering the market now won’t change these numbers very much if sales remain as robust as they have been.

New Home Sales as a percentage of total single family homes sold has increased in all counties.  Williamson is the highest at 36.0%.

Williamson County residential single-family home sales price lowered slightly to $477,109. This is down from December’s median sales price of $497,639.

DOM for single-family residential homes rose to 46 from December’s, which was 34. The DOM had previously stayed steady in the low to mid 30s for 2017.

For stats from previous months, click here