Everything is up except inventory!
Sales are up and inventory is down in many parts of the country. In certain markets, this has led to bidding wars, contingency-free offers and a preponderance of all cash sales.
Nashville and its environs is certainly a seller’s market these days, but extreme behavior has yet to surface here. Well priced homes go fast and pre-approved or all cash buyers have an advantage. Unrealistically priced homes and some high end homes are taking longer to find new owners.
Single Family Home Sales Davidson and Williamson County
Year-to-date sales are up 19.9% in Davidson County from this time last year. Sales in Williamson County are up 26.2% from May 2012.
The average closing price for a single family home in Davidson County is $233,558, a 9.4% increase from May 2012. In Williamson County, the average sales price is $408,790, almost unchanged from last year.
Inventory in Davidson County is less than six months in most price ranges. Homes over $1,000,000 are lingering longer. Williamson County has just over thirty days of inventory for homes priced under $500,000. Between $500,000 -$1,000,000, the remaining months is less than six months.
Condominium Sales Davidson County
Davidson County condominiums experienced a 23.5% increase in sales. The average closing price is $189,618. Inventory is less than six months.
If you’d like more information about single family home sales in Davidson County, Area Two (I-65 to Charlotte Pike), or Williamson County or condo sales in Davidson, I’m happy to email you a comprehensive report.