Median Williamson home price up; sales volume sets month record


Median Williamson home price up; sales volume sets month record

WILLIAMSON COUNTY ASSOCIATION OF REALTORS

The median sales price for a single-family home increased slightly by 1.9 percent from the same period last year.

Residential home sales in Williamson County increased significantly in April 2016 to set a home sales volume record for the month, according to the monthly market report released today by the Williamson County Association of REALTORS.

The total number of closed home sales for the month rose 19 percent to 474 compared to 398 in April 2015.

Year-to-date closings in Williamson County are 1,527, representing a 13 percent increase over the 1,353 closings for the same period last year.

In April 2016, the median sales price for a single-family home was $433,000, compared to $425,000 in 2015.

“April continued the trend upward in both strong sales and median sales price, which remains in alignment with the growth and interest in Williamson County from both a jobs and development perspective,” said David Logan, president of Williamson County Association of REALTORS. “As we move deeper into the residential selling season, the housing market in Williamson County should continue to gain momentum.”

“With the recent announcement of an anticipated $790 Million investment in the GM plant in Spring Hill and other key corporate growth and relocation news for Williamson County, the economy here will certainly support continued home building and home sales activity. We are fortunate to have the quality of Chamber of Commerce and elected leadership we do. Their efforts continue to make this community attractive to both major corporations and people that make them successful,” Logan said.

Total available residential inventory for a single-family home stood at 1,684 units at the end of April indicating inventory in Williamson County remains close to a four-month supply. A six-month supply of inventory is considered to be a balanced market.

“While listings have increased month over month in 2016, closings have also increased. Consequently, we are still facing an unbalanced market which is traditionally favorable for would-be sellers,” said Logan. “With median sales prices remaining strong and inventory remaining tight, the market continues to provide sellers with favorable conditions and excellent values for their homes.”

Residential home sales in Williamson County increased significantly in April 2016 to set a home sales volume record for the month, according to the monthly market report released today by the Williamson County Association of REALTORS.

The total number of closed home sales for the month rose 19 percent to 474 compared to 398 in April 2015.

Year-to-date closings in Williamson County are 1,527, representing a 13 percent increase over the 1,353 closings for the same period last year.

In April 2016, the median sales price for a single-family home was $433,000, compared to $425,000 in 2015.

“April continued the trend upward in both strong sales and median sales price, which remains in alignment with the growth and interest in Williamson County from both a jobs and development perspective,” said David Logan, president of Williamson County Association of REALTORS. “As we move deeper into the residential selling season, the housing market in Williamson County should continue to gain momentum.”

“With the recent announcement of an anticipated $790 Million investment in the GM plant in Spring Hill and other key corporate growth and relocation news for Williamson County, the economy here will certainly support continued home building and home sales activity. We are fortunate to have the quality of Chamber of Commerce and elected leadership we do. Their efforts continue to make this community attractive to both major corporations and people that make them successful,” Logan said.

Total available residential inventory for a single-family home stood at 1,684 units at the end of April indicating inventory in Williamson County remains close to a four-month supply. A six-month supply of inventory is considered to be a balanced market.

“While listings have increased month over month in 2016, closings have also increased. Consequently, we are still facing an unbalanced market which is traditionally favorable for would-be sellers,” said Logan. “With median sales prices remaining strong and inventory remaining tight, the market continues to provide sellers with favorable conditions and excellent values for their homes.”

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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