County housing prices remain steady as the market moved into the third quarter for 2017.
According to the Williamson County Association of Realtors, residential single-family home closings year over year were identical at 488 units sold in September of 2017 as well as in September 2016. September 2017 median homes sales dropped to $452,520 from an August price of $469,950. This represents a 3.7% drop from August but is still up 2.7% from this time in 2016.
The three cities in Williamson County that top the median sales price are Brentwood at $710,000, Arrington at $639,900 and College Grove at $555,730.
Brentwood has made significant efforts in attracting new developments and amenities for its citizens.
“With an already large residential footprint and the development of the new Hill Center, which has approximately 600,000 square feet of office and retail space, along with its proximity to Nashville, Brentwood is an ideal location for people moving into Williamson County. On the other side of the spectrum are cities like Arrington and College Grove, which attract families who might want to be away from the urban core and are places that have increasing accessibilities with the extension of Interstate 840 and the new retail development at Berry Farms,” said Lisa Wurth, President of the WCAR.
For the month of September, total active inventory for Williamson County dropped slightly from 1,444 in August to 1,418. However, year over year the county is up 7% from the same period in 2016. Brentwood had a total of 253, while College Grove had 76 and Arrington 24 units respectively. Overall, inventory remains low, and the median sale prices will continue to stay consistent or rise as long as the population grows and the active demand from home buyers continues.
