Williamson County, TN Real Estate News

By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Mckays Mill  - 4 homes sold during October of 2022, 50% less than the same month last year. The average price of homes sold increased 24% during the same period. the list price to sales price ratio of homes sold in October was 99.83% average days on market for homes sold was 3 days 6 homes are currently listed in the Nashville MLS as available for purchase the average price per square foot of homes sold was $272 compared to $223 for the same period last year The average sale price for October was $957,475 compared to $771,070 for the same period last year the average size of homes sold was 3641 square feet 7 Mckays Mill homes are currently pending sale Here is a summary of the conditions of the market for Mckays Mill homes, and it's sister next door the Villages of Clovercroft, it's sti...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Ladd Park homes for sale - The high interest rates have made an impact on Ladd Park home sales with more days on market and a lower list price to sales price ratio. Meaning that buyers sometimes have room to negotiate, something we haven't seen in a few years. The average sales price for Ladd Park homes sold during the month of October was $1,001,497 compared to $939,626 last year. average days on market is up to 32 days, giving buyers a chance to take a good look before making a purchase the average size of Ladd Park homes sold during October was 3202 square feet making the average price per square foot $315 6 homes are currently pending sale 12 Ladd Park homes are listed in the Nashville MLS as available for purchase The absorption rate for Ladd Park homes is one month based on sales ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Spring Hill TN real estate for sale - Buyers have a chance to purchase a great home right now in Spring Hill, the rise in interest rates have slowed the pace of sales and inventory levels are starting to get back a more normal market. Investors are not as active as they were, and cash buyers seem to be less common as they were just a few months ago. Prices are still firm, but it's not a bidding war like it was. 47 homes sold in Spring Hill during the month of October 2022 compared to 65 for the same period of 2021 a decrease of 28% The median sales price of homes sold during October was $619,900 compared to $525,000 for the same period last year an increase of 18% 98 Spring Hill homes are listed as available for purchase in the Williamson county portion of Spring Hill - more than we've ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin TN homes for sale - Things have changed in the last few months with interest rates around 7% at this time, it's a much slower market for home sales and multiple offers are becoming an unusual occurrence  instead of the norm.  84  Franklin TN homes sold during the month of  October 2022 compared to 120 for the same month last year   429 Franklin homes are currently listed in the Nashville MLS for sale 196 homes are currently under contract the median sales price for homes sold during the month of October was $799,500 compared to  $720,000 last year, an increase of 11% the median price per square foot for homes sold was $317 compared to $272 for October of 2021 an increase of 16.5% the average list price to sales price ratio for homes sold in October was 98% Search for Franklin T...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin TN homes for sale - We are still seeing a slow down in home sales and it's all related to higher interest rates. It looks like the days of multiple offers for every home are over for now. Buyers finally get a chance to look at homes before they submit an offer, and investors seem to be less aggressive from what I've seen. 212 Franklin homes sold during the month of  September 2022 compared to 218 for the same period last year  427 Franklin homes are currently listing in the Nashville MLS as available for purchase 221 homes are currently under contract the median sales price for homes sold during the month of September was $$778,158 compared to $732,500 last year an increase of 6% the median price per square foot for homes sold was $321 compared to $265 for September of 2021 an ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Wades Grove Homes for sale -  Higher interest rates are taking a toll on sales everywhere and Wades Grove is no exception.  The average price of homes sold in Wades Grove during August of 2022 was $609,233 compared to $519,586 during August of last year an increase of 17% the list price to sales price ratio of sold homes was 98% 8 homes are under contract at this time the average price per square foot of homes sold was $226 compared to $218 for the same month last year an increase of 3% the average days on market for homes sold during the month was 32 days compared to 2 days for August of last year 8 Wades Grove homes are currently listed in the Nashville MLS as available for purchase at this time. Search for Wades Grove homes for sale here  Wades Grove is a community of all brick homes...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
The Top Franklin TN neighborhoods - based on number of sales for the month of August 2022 Westhaven  Franklin's most popular neighborhood with prices from $700,000 to over $2,000,000 Fieldstone Farms  for years the Franklin top neighborhood with homes priced from $400,000 to over $1,000,000 Mckays Mill in the Cool Springs area the homes sell fast priced from $400,000 to over $1,200,000 Ladd park  - homes priced from $800,000 to over $1,200,000 Berry Farms  homes priced from $600,000 to $1,800,000   Sales of homes in Franklin are slowing significantly due to much higher interest rates and the multiple offer situation has become less frequent. It's easier for buyers if you can stomach the higher interest rate. If you would like to search for Franklin Tn homes, just click on the links, or ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Brentwood TN Homes for sale - The impact of higher interest rates is starting to make an impact on the sales of homes in Brentwood. The number of closings for the month of July was down 21% compared to July of 2021 but the median price per square ft was up 21%. I expect a more balanced market as long as higher interest rates apply, meaning homes will sell at or very close to appraisal value in my opinion. 66 Brentwood TN homes sold during the month of July 2022 compared to 83 for the same month last year 109 homes are currently under contract waiting to close 123 Brentwood homes are listed in the Nashville MLS as available for purchase. the average size of homes sold in July was 4236 square feet The median price per square foot of homes sold was $339 compared to $279 for the same period...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
I get this question a lot lately, are home prices starting to come down in Franklin. It's a good question, and the data seems to indicate that maybe, but very slowly. Franklin home prices are still considerably higher than they were at this time last year with the median sales price up 16% year over year. However, the number of homes sold for July of 2021 was 260, compared to just 155 this year, a reduction of 41%.  For the first time in many months, we have more homes available to sell that we sold in the previous month. Usually when this happens we start to see price reductions and competition for buyers instead of multiple offers for every home. The reason for the change is much higher interest rates compared to last year. The Federal Reserve Bank has decided that we need a recession...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Wades Grove Homes for sale -  Prices in Wades Grove have started to moderate and homes are not moving as fast as they were in the Spring, or even last year. The average days on market for sold homes for the month of June was 24 days compared to just 2 days for June of 2021. The average price of homes sold in Wades Grove during June of 2022 was $682,500 compared to $548,100 during June of last year an increase of 24.5% the list price to sales price ratio of sold homes was 94.4% 8 homes are under contract at this time the average price per square foot of homes sold was $237 compared to $199 for the same month last year an increase of 19% the average days on market for homes sold during the month was 24 days 11 Wades Grove homes are currently listed in the Nashville MLS as available for pu...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Williamson County TN home sales are slowing down but the prices are still firm. The median price of homes sold in Williamson county increased 23% in June of 2022 compared to the same month last year but the number of closings for the month decreased 18% 528 homes closed in June compared to 622 for the same month in 2021 the median price of homes sold was $$876,553 compared to $710,000 for the same month last year an increase of 23% 1088 Williamson county homes are currently under contract 893 homes are currently listed as unsold and available for purchase compared to 460 for the same period last year the average days on market for homes sold in June was only 7 days The absorption rate of Williamson county homes based on June sales is 2 months The breakdown of sale by City in Williamson ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Spring Hill homes for sale - Prices are still rising but at a slower pace with inventory levels rising and interest rates impacting the affordability index. Spring Hill is still a good alternative to the higher prices in Franklin and Brentwood if you want Williamson county schools. 65 homes sold in Spring Hill during the month of June 2022 compared to 98 for the same period of 2021 and reduction of 33% The average sales price of homes sold during June was $654,811 compared to $548,811 for the same period last year an increase of 19% 78 Spring Hill homes are listed as available for purchase in the Williamson county portion of Spring Hill - more than we've seen lately 71 homes are currently under contract pending sale, most are new homes waiting for completion the average price per square...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin TN homes for sale - Summer brought higher interest rates and slowing sales, so expect homes to stay on the market a few more days than we've seen recently. 245 Franklin homes sold during the month of  June 2022 compared to 302 for the same period last year a reduction of 23%  324 Franklin homes are currently listing in the Nashville MLS as available for purchase 297 homes are currently under contract the median sales price for homes sold during the month of June was $$820,000 compared to $705,000 last year an increase of 16% the median price per square foot for homes sold was $320 compared to $254 for June of 2021  the average list price to sales price ratio for homes sold in June was 103% Search for Franklin TN homes for sale here -  Information on this page is based on inform...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Nolensville homes for sale - we are still in short supply of inventory and the prices keep rising. The median days on market for homes sold in May was 12 days. 69 Nolensville homes sold in the month of May an increase of 50% over May of 2021 79 Nolensville homes are currently pending sale, and almost all of them are new construction homes 53 Nolensville homes are listed in the Nashville MLS as available for purchase, but most of them are still under construction or not even started the median sales price of homes sold in Nolensville in May was $845,000 compared to $625,864 for May of last year, and increase of 35% the list price to sales price ratio of homes sold was 101% the median  price per square foot of homes sold was $271 compared to $202 for the same month last year an increase o...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Spring Hill TN Homes in Williamson county - We are still in a sellers market but it's shifting to a more balanced market coming soon. 67 Spring Hill homes are listed as available for purchase in the Williamson county portion of Spring Hill - more than we've seen lately 130 homes are currently under contract pending sale, most are new homes waiting for completion the average price per square foot for Spring Hill homes sold during the month of May was $248 compared to $183 for the same period last year, an increase of 36% The median days on market is 2 days Inventory levels are improving due to the higher interest rates pricing some buyers out of the market. This may the be opportunity that buyers have been waiting for. Buy the home you want without getting in a bidding war and refinance ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Brentwood TN Homes for sale - The impact of higher interest rates hasn't made an impact on the sales of homes in Brentwood yet, but it's bound to happen soon. The median sales price is up 26% compared to May of 2021 and the median days on market is still only 3 days. 78 Brentwood TN homes sold during the month of May 2022 compared to 76 for the same month last year 113 homes are currently under contract waiting to close 108 Brentwood homes are listed in the Nashville MLS as available for purchase. the average size of homes sold in May was 4400 square feet The average price per square foot of homes sold was $333 compared to $276 for the same period last year, an increase of 21% the median days on market for homes sold was 3 days the list price to sales price ratio for homes sold in May w...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin TN homes for sale - Coming into summer with a hot sellers market with the median days on market down to 2 days 186 Franklin homes sold during the month of  May 2022 compared to 209 for the same period last year  224 Franklin homes are currently listing in the Nashville MLS as available for purchase 351 homes are currently under contract the median sales price for homes sold during the month of May  was $$950,000 compared to  $731,869 last year  the median price per square foot for homes sold was $331 compared to $242 for May of 2021  the average list price to sales price ratio for homes sold in May was 104% Search for Franklin TN homes for sale here - information on this page is based on information on single family homes for sale in Franklin per the Nashville Multiple Listing ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Nolensville homes for sale -   we are still in short supply of inventory and the prices keep rising. The median days on market for homes sold in April was 1 day. 106 Nolensville homes are currently pending sale, and almost all of them are new construction homes 23 Nolensville homes are listed in the Nashville MLS as available for purchase, but almost all of them are still under construction or not even started yet the median sales price of homes sold in Nolensville in April was $854,950 an increase of 42% in the last 12 months the list price to sales price ratio of homes sold was 104% the median  price per square foot of homes sold was $268 compared to $193 for the same month last year an increase of 39% In summary, Nolensville real estate remains very active, and most of the homes sold...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin homes for sale - Coming into summer with a hot sellers market with the median days on market down to 2 days 173  Franklin homes sold during the month of  April 2022 compared to 218 for the same period last year  131 Franklin homes are currently listing in the Nashville MLS as available for purchase 251 homes are currently under contract the median sales price for homes sold during the month of April  was $$1,042,750 compared to  $710,000 last year  the median price per square foot for homes sold was $339 compared to $235 for April of 2021  the average list price to sales price ratio for homes sold in April was 106% Search for Franklin TN homes for sale here - information on this page is based on information on single family homes for sale in Franklin per the Nashville Multiple ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Wades Grove Homes for sale -  Wades Grove is in a sellers market with most homes getting multiple offers and selling for thousands over asking price.  The average sales price of homes has increased 39% compared to April of 2021. The average price of homes sold in Wades Grove during April of 2022 was $718,500 compared to $513,415 during April last year an increase of 39% the list price to sales price ratio of sold homes was 108% 3 homes are under contract at this time the average price per square foot of homes sold was $268 compared to $188 for the same month last year an increase of 42% the average days on market for homes sold during the month was 3 days 6 Wades Grove homes are currently listed in the Nashville MLS as available for purchase at this time. Search for Wades Grove homes fo...
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