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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

AUGUST 2018 STATS

DAVIDSON COUNTY
UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
987 $378,584 45 98.1% $186.67 2.6

RUTHERFORD COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
633 $283,292 36 99.5% $130.33 2.0

MAURY COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
207 $246,904 49 99.1% $131.22 2.7

WILLIAMSON COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
571 $608,115 51 98.8% $179.99 3.0

Average sales prices in August 2018 in all counties remained higher than August of 2017.Year to Date Sales Prices compared to the same time frame in 2017 continue to outpace last year, with Maury County showing the highest percent of increase at 12.6%

New Home Sales percent to total homes sold remains fairly consistent in most counties. Williamson remains at 32.3%, Maury County is now at 32.7%!

WILLIAMSON COUNTY

DETAIL BY CITY

CITY CLOSED UNDER CONTRACT MEDIAN SALES PRICE AVG. DOM
ARRINGTON 7 14 $392,739 29
BRENTWOOD 79 121 $687,000 38
COLLEGE GROVE 25 46 $671,620 51
FAIRVIEW 19 31 $329,000 61
FRANKLIN 241 321 $545,000 33
NOLENSVILLE 55 134 $515,549 26
SPRING HILL 84 79 $325,000 30
THOMPSON’S STATION 52 56 $393,250 28

Williamson County residential single-family home average hit an all time high at $608,743.

DOM for single-family residential homes stayed steady at 34.

August 2018 single-family residential home inventory lowered slightly to 1,455 units. This is a decrease from 1,508 units in July.

Top three cities for highest median sales are: Brentwood ($687,000), College Grove ($671,620), Franklin ($545,000).

JULY 2018 STATS
DAVIDSON COUNTY
UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
979 $386,309 47 98.1% $186.76 2.4

RUTHERFORD COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
596 $277,930 36 99.5% $129.76 1.8

MAURY COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
197 $281,332 37 99% $132.56 2.6

WILLIAMSON COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
591 $553,187 47 98.9% $178.88 3.0

Average sales prices in July 2018 in all counties remained higher than July of 2017. Williamson squeezed out a 0.8% improvement over last year. Year to Date Sales Prices compared to the same time frame in 2017 continue to outpace last year.

Only slight changes in the Months of Supply occurred as we move into August. Williamson reports 3.1 months while Rutherford reports the least at 1.8 months.

New Home Sales percent to total homes sold remains fairly consistent in most counties. Williamson is at 32.3%, Maury County is not at 32.2%!

WILLIAMSON COUNTY

DETAIL BY CITY

CITY CLOSED UNDER CONTRACT MEDIAN SALES PRICE AVG. DOM
ARRINGTON 4 12 $687,450 23
BRENTWOOD 99 98 $757,500 43
COLLEGE GROVE 12 51 $629,712 12
FAIRVIEW 25 37 $304,000 37
FRANKLIN 222 368 $499,450 25
NOLENSVILLE 60 105 $504,436 34
SPRING HILL 94 90 $365,500 27
THOMPSON’S STATION 72 65 $372,000 28

Williamson County residential single-family home median sales price lowered slightly to $482,000. This is compared to last months median sale price of $507,916.

Days on Market for single-family residential homes stayed steady at 30.

July 2018 single-family residential home inventory rose slightly to 1,508 units. This is an increase from 1,475 units in June.

Top three cities for highest median sales are: Brentwood ($757,500), Arrington ($687,450), College Grove ($629,712).

For stats from previous months, click here