Williamson County Homes market report for October 2007 - This is to update the buyers and sellers who are waiting for the market to change in Williamson county. I have sellers who are waiting for the market to turn up, and buyers who are waiting for those great deals that the media keeps saying they should be getting.
I have bad news for both of them. Prices in Williamson county are flat compared to last year The averaging closing price for the month of October IN 2006 was $456,904 in 2007 it is $452,180. a 1 percent decrease on average. the days on market went from 50 days to 56 days, pretty close. We currently have 2410 homes on the market, a 6.7 months supply, once again fairly balanced. If you have been looking to buy a home in Williamson county, don't hesitate, you may be missing the best opportunity to buy in several years. This market is looking like a rocket about to launch.
I'm expecting a shortage of good homes in the spring, because builders have slowed down building, and they will be very reluctant to start back unless they are out of inventory. If the market gets hot early next year, we may be back to bidding wars on good properties.
This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Keller Williams Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, and the middle Tennessee area.