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Williamson County Subdivision Total Market Overview October 2010 ? Franklin TN and surrounding cities - Nolensville Real Estate strong market

Posted by Mike Grumbles on October 9, 2010 at 1:29 AM

Williamson County Subdivision Total Market Overview October 2010 – Franklin TN and surrounding cities - Nolensville Real Estate strong market

Williamson County’s most active real estate city is Franklin TN with over 1040 active listings and with an absorption rate (# of homes sold per month) of 129 homes when averaged over the past 6 months. With homes selling at that rate Franklin still has 8.1 months of inventory on the market. That is below the average for the county as a whole which sits at 8.2 months of inventory down only 0.1 from last month. (click images to make larger)

The city with the lowest months of inventory is Nolensville at 6.1 months. The months of inventory is a good indicator of the market swaying from a buyers market to a sellers market. The fewer months of inventory, the more negotiating power the sellers have. This shows up on the List to Sales Ratio for Nolensville having the highest list to sales ratio in the county at 98.97%. Franklin homes are going under contract for 93.64% if the asking price. Also supporting this is the high pending ratio in Nolensville. All of these are indicators that prices should stabilize in Nolensville and buying there now is a wise investment.

Brentwood has homes with the highest average final sales price at $558,287 over the past 6 months.

The Grumbles Team Proprietary Williamson County Total Market Overview is displayed below by city however we also have the report by zipcode.

Should you have any questions about the report or want to discuss its impact on your decision to sell or buy a home in Williamson County or Franklin please contact us at 615-587-5843.