Updates from the WCAR: It’s been a month to celebrate for Williamson County on multiple levels. Not only have we seen record highs in home closings and median price, but REALTORS® are encouraged by the outpouring of support that led to the retention of Dr. Mike Looney as superintendent for Williamson County Schools. We believe there is a direct correlation between strong schools and economic development. The retention of Dr. Looney ensures continued stability for our children’s education and our community.In addition to the 7.8% year-over-year closings increase, median price continues to climb. The $415,000 median price for July 2015 is up 3.8% from 2014. This signals the eighth month in a row where the median price has exceeded $400,000 for Williamson County.Inventory remains low for the county as the housing market attempts to keep pace with demand. Subtracting the pending properties from the active properties reveals 1,232 actual available homes, or roughly a two month supply. Right now there are fewer homes available, selling faster and for higher prices than they have since before the Great Recession. For those homeowners considering selling, this is a great time to enter the market. There is virtually no competition and demand is high. For buyers, the low inventory means finding the right home for the right price is difficult. Buyers are encouraged to consult REALTORS® who have the connections and experience to find deals before they hit the market and to negotiate aggressively.
