The Williamson County Association of Realtors has released May 2020 monthly housing statistics.
While the median price has remained consistent — and even a fraction higher over 2019 — the number of listed properties that had closings in 2020 was down by 121.
The average price of a residential home that closed in Williamson County was $617,132, with the median price of $550,000. For condominiums, the average price was $320,072 and median price $313,938.
The market remains stable, however, there is a shortage of inventory in Williamson County. Active inventory as of May 10 was 1,275 homes on the market with 1,173 listed as under contract inventory.
In May, there were 916 new listings, with 659 of these going under contract during the month.
Franklin saw the highest number of closings with 170. Spring Hill had the second largest number with 60 homes closed in May. Nolensville had 47, with Brentwood following closely behind with 43.
In Davidson County, the number of listed homes that closed in May was 1,005, with average days on the market listed at 21. Rutherford County closed 584 homes with an average of 23 days on the market.
Realtor.com reports the median list price per square foot in Williamson County is $192.
For more information about WCAR or the current real estate market in Williamson County, visit www.wcartn.org.