Williamson County home sales maintained a steady pace in June and increased for the fourth consecutive month this year, while facing continued low inventory levels that slowed year-over-year growth by 3.3 percent. There were 583 total home closings in Williamson County in June 2017, including 542 single-family residences and forty-one condominiums. That compares with 603 total closings, of which 553 were single-family homes and fifty condos, in June 2016. Properties typically stayed on the market for twenty-eight days in June, which is down from thirty-two days last month and thirty-four days a year ago.
On a year-to-date basis, home sales are relatively unchanged from last year. There were 2,716 total home closings in Williamson County through June 2017 compared to 2,718 for the same period in 2016.
The median closed price for a single-family home was $459,775 in June 2017 versus $459,900 for the same period last year, and declined 3.2 percent from last month’s all-time record high closed price of $474,733. This June also marked sixteen consecutive months the median closed price for a single-family home in Williamson County was above $400,000.
Williamson County’s housing market remains robust, yet there are still challenges. We had a fairly significant increase in sales from month-to-month and the year-to-date figures are steady and consistent. However, the active market makes competition high among potential buyers. While strong interest and demand in our community remains exceedingly high, homes are selling faster than ever as evidenced by the number of days a home is on the market falling to under a month.
With lack of inventory in Williamson County remaining the biggest challenge to would-be home buyers, working with a professional REALTOR® familiar with the community and looking out for your interests will increase your chances of finding the perfect home. Would-be sellers that have their homes market ready are seeing great returns in this market. Consulting with a professional REALTOR® ensures that both buyers and sellers have a professional who is looking out for their interest during the home buying and selling process. WCAR and its leadership takes the role of the REALTOR® within the community seriously and meets regularly with community and state leaders to discuss how the real estate community can actively contribute to the growth and progress of Williamson County.
After recent meetings with local elected officials, state legislators and Williamson County Schools leaders, there is incredible confidence in market sustainability in Williamson County due to the quality of life offered, the continually improving job market and the top-notch schools that our county offers.