Leading Conversations on Property Vacancy, Abandonment
August 2020
Home sales in Williamson County made modest gains in February 2016 with a year-over-year increase of 9.8 percent, according to the latest monthly market report released by the Williamson County Association of REALTORS® (WCAR).
There were 280 single-family homes and condominium closings for the month versus 255 closings reported in February 2015. Year-to-date home closings through February 2016 are 605, a 14.15 percent increase from the 530 closings reported through February 2015.
“Williamson County’s residential homes sales continued its upward trend in February indicating the high desirability of the area among home buyers,” said David Logan, President of the Board of the Williamson County Association of REALTORS®. “While the winter months can impact the pace of home sales, our area continued to see steady improvement.”
The median price for a single-family residence was $396,970, and for a condominium it was $285,000 in February 2016. Comparatively in February 2015, the median price for a single-family residence and condominium was $402,655 and $216,000, respectively.
Housing inventory in Williamson County at the end of February was 1,603, down 1.5 percent from 1,629 in February 2015.
“As we head into the spring selling season, inventory remains a challenge,” said Logan. “Homes moved off the market at a faster pace than last month and faster than this time last year. The best advice for would-be buyers and sellers is to enlist the services of a trusted REALTOR® and start the process early.”
|
February 2016 Residential Sales Activity |
|||||
|
|
Closings |
Median |
Inventory |
Pending |
DOM |
|
Residential |
265 |
$396,970 |
1,536 |
368 |
66 |
|
Condos |
15 |
$285,000 |
67 |
22 |
52 |
|
Total |
280 |
- |
1,603 |
390 |
- |
|
Land |
20 |
$247,450 |
395 |
19 |
105 |
|
February 2015 Residential Sales Activity |
|||||
|
|
Closings |
Median |
Inventory |
Pending |
DOM |
|
Residential |
232 |
$402,655 |
1,546 |
369 |
74 |
|
Condos |
23 |
$216,000 |
83 |
18 |
56 |
|
Total |
255 |
- |
1,629 |
387 |
- |
|
Land |
15 |
$240,000 |
472 |
19 |
128 |
With 2,200 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.
July 2020
