Home sales soar, median price in Williamson reaches $433,850


Home sales soar, median price in Williamson reaches $433,850

Williamson County Association of REALTORS®

Residential home sales in Williamson County rose 5.4 percent in March 2016 to the strongest in a decade.

Residential home sales in Williamson County rose 5.4 percent in March 2016 to the strongest in a decade, according to the monthly market report released today by the Williamson County Association of REALTORS.

The total number of closed home sales were 448 compared to 425 in March 2015.

The median sales price for a single-family home rose 5.9 percent from the same period last year. In March 2016, the median sales price for a single-family home was $433,850, compared to $409,691 in 2015.

The median condo price also rose significantly. In March 2016, the median price was $225,000, compared to $206,000 a year ago.

First-quarter numbers for residential home sales in 2016 were up 10.3 percent to 1,053 closings compared to 955 closings for the first quarter of 2015.

“While the spring typically kicks off the robust selling season for residential real estate, the aggressive sales activity in March is the strongest we’ve seen since 2006,” said David Logan, President of the Board for Williamson County Association of REALTORS. “The latest residential real estate activity confirms that Williamson County remains one of the most desirable communities in the state among homebuyers.”

Total available residential inventory in Williamson County stood at 1,703 units at the end of March indicating a further tightening on the available supply of homes. The increased sales pace, combined with a continued tight supply of homes available for sale indicates Williamson County has close to a four-month supply of inventory. A six-month supply is considered to be a balanced market.

“The strong home sales coupled with the tightening of inventory would suggest it’s an excellent time to put a home on the market,” Logan said. “The fact that home closings almost doubled from last month confirms that Williamson County continues to be an attractive community for homebuyers.”

Residential home sales in Williamson County rose 5.4 percent in March 2016 to the strongest in a decade, according to the monthly market report released today by the Williamson County Association of REALTORS.

The total number of closed home sales were 448 compared to 425 in March 2015.

The median sales price for a single-family home rose 5.9 percent from the same period last year. In March 2016, the median sales price for a single-family home was $433,850, compared to $409,691 in 2015.

The median condo price also rose significantly. In March 2016, the median price was $225,000, compared to $206,000 a year ago.

First-quarter numbers for residential home sales in 2016 were up 10.3 percent to 1,053 closings compared to 955 closings for the first quarter of 2015.

“While the spring typically kicks off the robust selling season for residential real estate, the aggressive sales activity in March is the strongest we’ve seen since 2006,” said David Logan, President of the Board for Williamson County Association of REALTORS. “The latest residential real estate activity confirms that Williamson County remains one of the most desirable communities in the state among homebuyers.”

Total available residential inventory in Williamson County stood at 1,703 units at the end of March indicating a further tightening on the available supply of homes. The increased sales pace, combined with a continued tight supply of homes available for sale indicates Williamson County has close to a four-month supply of inventory. A six-month supply is considered to be a balanced market.

“The strong home sales coupled with the tightening of inventory would suggest it’s an excellent time to put a home on the market,” Logan said. “The fact that home closings almost doubled from last month confirms that Williamson County continues to be an attractive community for homebuyers.”

About The Author

Kelly Gilfillan is the owner-publisher of Home Page Media Group which has been publishing hyperlocal news since 2009.

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