Real estate closings up in September, but median price is down

Real estate closings up in September, but median price is down


The number of real estate sales in Williamson County rose during September, but data from the Williamson County Association of Realtors shows the median home price is down compared to the same time last year.

The median home price in Williamson County fell from about $518,000 in September 2018 to $508,000 in 2019.

Despite the September decrease, home prices have increased more than 25% since 2015.

The total number of closings rose from 448 in September 2018 to 501 last month.

The total active inventory last month was similar to the number of homes for sale a year ago. There were 1,448 active homes in September 2019, compared to 1,488 in September 2018.

Homes were typically on the market for 32 last month. That’s less time than last September, when homes were typically on the market for 38 days.

At $836,500 Arrington is the community with the highest median sale price in Williamson County, although there were only four homes sold there in September.

Last September, Brentwood had the highest median home price at about $728,000. The median home price for homes sold in Brentwood last month was $785,000.

Franklin made up by far the largest number of real estate closings last month. There were 60 closings in Franklin and 60 in Brentwood. That’s similar to the closing numbers from one year ago.

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