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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

NOVEMBER 2018 STATS

DAVIDSON COUNTY
UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
814 $373,479 52 98% $186.47 2.6

RUTHERFORD COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
470 $280,251 38 99.5% $131.00 2.1

MAURY COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
139 $237,567 49 98.8% $131.32 3.2

WILLIAMSON COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
358 $608,893 60 98.7% $181.22 3.0

Average Sales Prices in November 2018 VS November 2017 remained higher in all counties, except Davidson. YTD Sales Prices outpace last year, with Maury showing the highest percent of increase at 9.9%. New Home Sales Percent to Total homes sold dropped slightly in all areas. Months of supply showed improvements in all counties moving into November.

WILLIAMSON COUNTY

DETAIL BY CITY

CITY CLOSED UNDER CONTRACT MEDIAN SALES PRICE AVG. DOM
ARRINGTON 2 23 $707,500 66
BRENTWOOD 58 179 $747,500 42
COLLEGE GROVE 11 81 $731,680 40
FAIRVIEW 21 55 $319,900 51
FRANKLIN 147 527 $500,000 34
NOLENSVILLE 39 227 $528,550 35
SPRING HILL 45 143 $330,900 39
THOMPSON’S STATION 31 92 $464,990 47

Williamson County residential single-family home average price rose slightly to $608,894 from October’s average sales price of $601,355.

DOM for single-family residential homes rose to 38 from October’s DOM of 33.

November 2018 single-family residential home inventory stayed steady at 1,448 units. This is a slight decrease in 1,482 units in October.

Top three cities for highest median sales are: Brentwood ($747,500), College Grove ($731,680), Arrington ($707,500).

For stats from previous months, click here