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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, Broker
CRS, GRI, ABR, SRS, SFR
Daniel-Christian Real Estate, LLC
License #: 315277
office- 615-790-6107
cell-615-512-3351
mistywoodford@gmail.com

MAY RESULTS

DAVIDSON COUNTY
 
UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
1097 $433,996 25 98.1% $192.03 1.8

RUTHERFORD COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
620 $295,401 24 99.3% $134.89 1.8

MAURY COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
189 $272,694 34 98.5% $138.54 2.3

WILLIAMSON COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
546 $645,415 33 98.4% $189.90 3.1

Average Sales Prices in May 2019 remain better than May 2018.

Year-to-Date, all counties had increases in sales prices & median sales prices over the same time frame in 2018.

Davidson’s Average Sales Price in May hit $433,996 for an 11.4% increase over the prior year.

Williamson County’s average sales price hit $645,415 and a 16.4% increase.

Davidson and Williamson on a YTD basis, have increases  over prior year of 11.4% and 11.6% respectively. 

WILLIAMSON COUNTY

DETAIL BY CITY

CITY CLOSED

UNDER CONTRACT

MEDIAN SALES PRICE   AVG. DOM
ARRINGTON 3 24 $925,000   64
BRENTWOOD 91 201 $680,000   33
COLLEGE GROVE 20 83 $872,264   30
FAIRVIEW 23 41 $285,000   50
FRANKLIN 251 600 $555,000   33
NOLENSVILLE 58 207 $511,799   39
SPRING HILL 55 173 $335,000   23
THOMPSON’S STATION 37 104 $430,000   37

DOM for single-family residential homes averaged 38 days in May.

Top three cities for highest median sales average in May are: Arrington ($925,000), College Grove ($872,264), Brentwood ($680,000).

For stats from previous months, click here