Total home closings in Williamson County forged ahead two percent in January 2017 to the highest number on record in the first month of a year, according to the monthly market report released today by the Williamson County Association of REALTORS®(WCAR).  The total number of closed home sales increased to 332 for the month compared to 325 in January 2016.

“The residential real estate market in Williamson County is showing no signs of slowing down as we move into 2017, said Lisa Wurth, President of the Williamson County Association of REALTORS®.  “In fact, this month set a new record for January in both number of homes sold and median sales price.  While the increase is small it is significant that we are on pace with the best year for home sales in the last decade.” 

The median sales price for a single-family home in January 2017 increased six percent to $445,627 from $420,372 for the same period last year, which was previously the record.  January also marked the eleventh consecutive month the median sales price for a single-family home surpassed $400,000. 

“Buyers are continuing to seek out whatever opportunities that become available.  The homes that are market ready and priced correctly continue to sell promptly,” said Wurth. “The market’s positive growth and desirability is due to buyers wanting to experience the area’s school systems, safety ratings and overall quality of life.” 

Total available residential inventory in Williamson County stood at 1,303 units at the end of January indicating a four-month supply of housing in the area.

“Inventory is below what would be termed a balanced market,” said Wurth.  “Many potential buyers are looking forward to spring when more options are likely to be available.”

January 2016

Residential Sales Activity

 

Closings

Median

Inventory

Pending

DOM

Residential

306

$420,372

1,415

310

56

Condos

19

$192,000

55

17

72

Total

325

-

1,470

327

-

Land

13

$75,000

391

21

141

January 2017

Residential Sales Activity

 

Closings

Median

Inventory

Pending

DOM

Residential

306

$445,627

1,232

382

54

Condos

26

$224,421

71

25

47

Total

332

-

1,303

407

-

Land

17

$224,900

371

16

142

 

With 2,400 members, the Williamson County Association of REALTORS® provides support and services for area real estate professionals and is the leading voice in the community for its members, as well as residential and commercial property owners. REALTOR® is a registered trademark which may be used only by real estate professionals who are members of the National Association of REALTORS® and subscribe to its strict Code of Ethics.

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