Median price of home sales in Williamson County have now topped the $400,000 mark for 11 of the past 12 months, at $412,176. The number of closings is down 10.5% compared to November 2014, however the median price is up 6.25% over last November. Overall closings year to date are up 2.5% over 2014.
As 2015 comes to an end the Williamson County market is very stable. The market has seen the highest sales volume since 2006, and the highest prices ever. The slightly increased inventory over 2014 numbers gives buyers a sense of opportunity as the year comes to an end.
For residential units, there were 321 closings, 1711 remaining inventory, 357 pending, with an average days on market of 52, and median price of $412,176.
For condos, there were 27 closings, median price of $222,500, remaining inventory of 78, 34 pending, and average days on market of 40.
The Nolensville area saw a 35.7% increase in closings over November 2014. Nolensville had 38 closed homes with a median price of $407,790.
Franklin median home price was $451,805 with 146 closings. Remaining inventory is 684 with an average DOM of 49.
Brentwood closed 44 homes with a median price of $616,271. Remaining inventory of 272 and average DOM of 56.
Spring Hill median price is $289,516 with 43 closings and 176 units remaining in inventory.
Thompsons Station had 32 closings at a median price of $377,196. Remaining inventory of 188 and average DOM of 44.
Williamson County continues to out pace the Middle TN market in terms of median price, with Davison leading in number of closed units.