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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, Managing Broker
CRS, GRI, ABR, SRS, SFR
Scout Properties
License #: 315277
office- 615-868-9000
cell-615-512-3351
mistywoodford@gmail.com

DECEMBER 2018 STATS

DAVIDSON COUNTY
UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
797 $394,834 56 98% $186.49 2.2

RUTHERFORD COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
410 $276,386 49 99.5% $131.20 2.1

MAURY COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
143 $282,125 58 98.8% $131.81 3.2

WILLIAMSON COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
409 $608,259 53 98.7% $181.72 2.7

2018 has ended, but the growth in Average and Median Sales Prices in Middle TN has continued to increase in all counties on this report.  Available inventory dropped slightly moving into January when compared to a month ago.  New Home Sales Percent to Total Homes Sold remains consistent with prior months.

WILLIAMSON COUNTY

DETAIL BY CITY

CITY CLOSED UNDER CONTRACT MEDIAN SALES PRICE AVG. DOM
ARRINGTON 1 24 $900,000 103
BRENTWOOD 60 166 $792,500 46
COLLEGE GROVE 22 75 $726,016 24
FAIRVIEW 16 38 $302,490 51
FRANKLIN 155 479 $500,865 34
NOLENSVILLE 65 214 $525,000 35
SPRING HILL 54 121 $368,794 39
THOMPSON’S STATION 28 80 $409,425 47

Williamson County residential single-family home price stayed steady at $608, 259 from      November’s average sales price of $608,894.

DOM for single-family residential homes lowered slightly to 36 from November’s DOM of 38.

December 2018 single-family residential home inventory lowered slightly to 1,361 units.

Top three cities for highest median sales are: Arrington ($900,000), Brentwood ($792,500), College Grove ($726,016),

For stats from previous months, click here