February Home Sale Stats Show More Houses are Selling at Higher Prices

home sales

Home sales made modest gains in Williamson County during the month of February, with a year-to-year increase of 9.8 percent, according to the Williamson County Association of Realtors.

Last month, 280 single-family homes and condominiums closed versus 255 reported in February 2015. Year-to-date there have been 605 home closings reported through February 2016, which is a 14.15 percent increase from February 2015 when 530 closings were reported.

“The market has certainly picked up and we are seeing multiple offers in certain situations,” says Susan Gregory, Broker with Parks Realty in Brentwood. “That doesn’t mean property values are climbing in every price point but we are seeing some increase in certain areas.”

In February 2016, the median price for a single-family residence was $396,970, and for a condominium it was $285,000.  Comparatively in February 2015, the median price for a single-family residence and condominium was $402,655 and $216,000, respectively.

Gregory says she is seeing multiple offers at the $200,000 to $400,000 price point, which includes homes and condominiums downtown. “I look for the market to continue to increase,” she says, noting that she also expects an increase in inventory this spring.

“Williamson County’s residential homes sales continued its upward trend in February indicating the high desirability of the area among home buyers,” says David Logan, President of the Board of the Williamson County Association of Realtors®.  “While the winter months can impact the pace of home sales, our area continued to see steady improvement.”

At the end of last month, housing inventory in Williamson County was 1,603, down 1.5 percent from 1,629 in February 2015.

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