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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

DECEMBER STATISTICS

DAVIDSON COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
838 $367,294 58 98.2% $173.40 2.0

RUTHERFORD COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
466 $268,097 37 99.6% $122.24 1.4

MAURY COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
177 $325,903 46 101.6% $122.36 1.9

WILLIAMSON COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
451 $601,436 50 98.7% $171.12 2.4

WILLIAMSON COUNTY

DETAIL BY CITY

CITY CLOSED UNDER CONTRACT MEDIAN SALES PRICE AVG. DOM
ARRINGTON 5 7 $702,498 52
BRENTWOOD 84 61 $847,750 48
COLLEGE GROVE 8 17 $577,974 48
FAIRVIEW 18 26 $293,780 25
FRANKLIN 192 162 $506,446 32
NOLENSVILLE 41 75 $494,275 32
SPRING HILL 63 67 $382,020 31
THOMPSON’S STATION 34 32 $411,022 29

 

December 2017 average sales prices for the month shows double digit increases over December 2016 in all counties.  The Median Sales Price also increased in December 2017 compared to December 2016.

Months of Supply fell in all counties in December.  December is typically the lowest level of supply during the year.

Williamson County home prices, which have stayed consistently high through the year, had a current median sales price increased to $497,639. This makes December the highest price increase to date. The second highest was July with $489,900.

For Williamson County, the current median sales price jumped slightly to $479,900 from last month’s small decline.  This represents a 3.3% increase from October median sales price of $463,900 and is the second highest price year to date.   Closings were also up this month at 407 units compared to 385 homes closed in October and 376 this month last year.

For stats from previous months, click here