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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

MARCH RESULTS

DAVIDSON COUNTY
UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
891 $394,536 34 97.7% $184.93 2.0

RUTHERFORD COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
485 $285,867 35 99.1% $132.69 1.9

MAURY COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
173 $267,076 43 98.1% $141.74 2.6

WILLIAMSON COUNTY

UNIT SALES AVG. SALES PRICE DOM YTD SALES PRICE RATIO YTD AVG SP/SF MONTHS INVENTORY
383 $616,609 35 98.3% $186.17 3.1

One quarter of the year is behind us and all counties AVG. Sales Prices remain ahead of March 2018. The range of increase is slowly decreasing however.   Months of Available Inventory has not changed significantly for several months.  Williamson shows the most at 3.1 months.

WILLIAMSON COUNTY

DETAIL BY CITY

CITY CLOSED UNDER CONTRACT MEDIAN SALES PRICE AVG. DOM
ARRINGTON 7 24 $690,000 32
BRENTWOOD 55 185 $757,500 32
COLLEGE GROVE 9 95 $699,000 27
FAIRVIEW 17 35 $285,000 45
FRANKLIN 157 563 $537,000 29
NOLENSVILLE 54 219 $552,950 48
SPRING HILL 48 153 $427,445 48
THOMPSON’S STATION 33 104 $475,000 30

DOM for single-family residential homes decreased to 36 DOM from February’s DOM of 49.

Top three cities for highest median sales average in March are:

Brentwood ($757,500), College Grove ($699,000), Arrington ($690,000)

For stats from previous months, click here