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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

JUNE 2018 STATS
DAVIDSON COUNTY
UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
1073 $406,040 49 98.1% $186.12 2.2

RUTHERFORD COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
656 $278,344 34 99.5% $129.60 1.7

MAURY COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
189 $273,221 37 99% $131.58 2.4

WILLIAMSON COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
584 $593,148 48 98.7% $179.12 3.1

WILLIAMSON COUNTY

DETAIL BY CITY

CITY CLOSED UNDER CONTRACT MEDIAN SALES PRICE AVG. DOM
ARRINGTON 6 18 $661,100 23
BRENTWOOD 93 159 $805,000 33
COLLEGE GROVE 17 52 $699,330 37
FAIRVIEW 29 47 $309,900 42
FRANKLIN 253 354 $530,000 26
NOLENSVILLE 54 135 $519,500 35
SPRING HILL 79 128 $369,900 31
THOMPSON’S STATION 49 63 $413,000 28

Williamson County residential single-family home median sales price ros slightly to $507,916. This is compared to last months median sale price of $499,950.

June’s 2018 single-family residential home inventory rose slightly to 1,475 units. This is an increase from 1,417 units in May.

Top three cities for highest median sales are: Brentwood ($805,000),

College Grove ($699,330), Arrington ($661,100).

Average sales prices in June 2018 in all counties remained higher than June 2017. YTD Sales Prices compared to th same time frame in 2017 continue to outpace last year, with Maury showing the highest percent of increases at 12.5%.

Sales continue to absorb new inventory as quickly as it comes onto market. Months of supply heading into July showed little change from last month.

New Home Sales ranged 13.5% to 32.5% of total homes sold during the past 12 months. Williamson is highest at 32.5%

For stats from previous months, click here