Have you taken a close look at the market statistics in Williamson County? If not, you are in for a wake-up call. Before we jump into the juicy details, this is your friendly reminder that our market stats at WCAR (Williamson County Association of REALTORS) are timestamped down to the minute, giving you the most accurate picture of what is transpiring in the market over time.
Head over to the WCAR website every eight of the month to view the market statistics from the previous month compared to those of the year prior. As one of the most desirable places to live and work in the United States, it is no shock that people are moving by the droves to come enjoy life as a Williamson County resident. As people move across the nation to live in this vibrant area, the real estate market statistics certainly show the strong demand.
In September of 2020, the median sales price in Williamson County was approximately $600,000. The September 2021 median sales price came out at $718,732. To put things in perspective, that is a 19.7% increase in only one year. If this wasn’t enough, we looked back to the September 2019 median sales price and found that it landed at $508,000, revealing a 41.5% increase over the past two years.
“As we move into what has historically been a slow time of year for the market, I see no signs of it slowing down. I am optimistic for a robust holiday season in the Williamson County market and am looking ahead toward a promising 2022,” says 2021 WCAR Board President Lorie Layman.
If you still aren’t convinced of the booming market here in middle Tennessee, we want to leave you with this: Homes spent an average of twenty-seven days on the market in September of 2020. In September of 2021, homes spent an average of eight days on the market. That is a 70% decrease in average days on the market in only one year. What does this mean? It means homes are flying off the market in Williamson County and while temperatures might be lowering, the market is still piping hot.
Established in 1962, WCAR’s vision is to serve REALTORS® and enhance the communities in which we interact and engage. WCAR is located in Brentwood, TN and currently has over 2500 members.