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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

SEPTEMBER 2018 STATS

DAVIDSON COUNTY
UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
853 $359,726 46 98.1% $186.04 2.8

RUTHERFORD COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
518 $274,310 42 99.5% $130.60 2.1

MAURY COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
139 $260,067 44 98.9% $131.09 3.0

WILLIAMSON COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
420 $595,654 56 98.8% $180.42 3.1

Average sales prices in September 2018 in all counties remained higher than September of 2017.Year to Date Sales Prices compared to 2017 continue to outpace last year, with Maury County showing the highest percent of increase at 11.7%

Months of Supply showed slight improvement in 5 counties moving into October. Williamson shows 3.1 Months of Supply.

New Home Sales percent to total homes sold remained fairly consistent to prior months in most counties. Williamson reports 34.4%.

WILLIAMSON COUNTY

DETAIL BY CITY

CITY CLOSED UNDER CONTRACT MEDIAN SALES PRICE AVG. DOM
ARRINGTON 4 11 $724,592 30
BRENTWOOD 60 111 $727,950 33
COLLEGE GROVE 17 45 $674,693 55
FAIRVIEW 9 21 $299,900 23
FRANKLIN 191 292 $520,000 38
NOLENSVILLE 47 127 $514,453 38
SPRING HILL 40 75 $409,900 36
THOMPSON’S STATION 49 51 $417,730 42

Williamson County residential single-family home average price lowered slightly to $595,655.

DOM for single-family residential homes lowered to 28.

September 2018 single-family residential home inventory rose slightly to 1,488 units. This is an increase from 1,455 units in August.

Top three cities for highest median sales are: Brentwood ($727,950), Arrington ($724,592), College Grove ($674,693).

For stats from previous months, click here