Williamson County TN Real Estate Market Overview September 2011
The above table is also available for each zip code.
The months of inventory for Williamson County is now at 7.2 months and Nolensville and Spring Hill are still leading the way with below average inventory. The dominant market in Williamson county is still Franklin with 812 sales over the past 6 months and with 945 active listings (single Family Residential). Nolensville also has an unusually high pending ratio at 26% meaning that over 1/4 of their marketed homes have contracts pending. If you are considering a purchase in Nolensville, then you should be aggressively looking with a member of The Grumbles Team as the inventory is being depleted rapidly.
Deeper analysis shows that home prices are still declining. Homes listed for sale without a contract have been reduced almost 6% on average across the county. Homes that have sold over the past 6 months saw 2.6% on average reduction before a buyer was found and then 4.3% was negotiated out off on those homes.
The highest priced home for sale in Williamson County is now $27,500,000 and the lowest price is $10,000, while the median is $400,000. The median SOLD price was $340,000 from the past 6 months.
The past few months of increased sales has reduced the spike in inventory that we saw back in May of this year.
We hope that you have gained further insight into the Williamson County market and that you will read more on our blog or follow our social media links below to learn more about how The Grumbles Team can help you navigate the real estate climate whether buying or selling or investing.