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December 12, 2013

Williamson County home prices rise as inventory falls

Williamson County Home

Williamson County Home

“In November, Williamson County’s median home price was $399.718 — a 14.4 percent increase above what it was a year ago,” said Marti Veto, executive vice president of the Association, in announcing the numbers. “Meanwhile, housing inventories are falling, resulting in higher overall sales prices.”

Information from the National Association of Realtors indicated that low inventories are the norm in most of the country.

The median price ranged from $237,950 in Fairview to $625,000 in Brentwood.

With anticipated continued market vitality in the fourth quarter, 2013 performance should be strong at year end.”

Franklin had the highest number of closings in the county, with 145 of the 311. Franklin’s median price in November was $432,500.

Homes in Williamson County were on the market for an average of 64 days before being sold.

Article Courtesy of Tennessean.com.

Summary
Article Name
Williamson County home prices rise as inventory falls
Description
Williamson County home prices on sales in November were 14.4 percent higher than in November 2012, according to statistics tabulated by the Williamson County Association of Realtors.
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