September brought the highest median sales price of homes in Wilson County since December 2006.
As the numbers show, Wilson County is "The Place To Be"! September 2013 home sales, due to the continued shortage of homes for sale, is driving up the price of homes. The median sales price in Wilson County is $233,000, just $1,000 lower than the median sales price in December of 2006, prior to the housing market crash.
Amy Hamilton, public relations chair for the Eastern Middle Tennessee Association of Realtors, or EMTAR, said “The month ended with 193 closed residential single family home sales, down from the past few months but due to the time of year, that is expected. The average days on the market is down from August as well as the number of available homes for sale. The summer months tend to produce the higher amount of sales yet in this area, there's never a ‘bad time’ to sell.”
Lebanon wrapped up September with 96 total residential single family home sales, she said, with 13 of those foreclosures/short sales and 23 new construction. The median sales price on existing resale homes in Lebanon was $167,000 with a median price per square foot of $87.64 and median days on the market of 72.5. Homes were averaging selling for 98 percent of list price. The new construction median sales price was $248,999 with a median price p/sq foot of $105.12.
Watertown ended with two sales one of which is new construction. The median sales price was $112,400 with a median price per square foot of $82.76.
Old Hickory had a strong month with 21 sales with a median sales price of $190,500 and a median price per square foot of $94.26. There was one new construction and one foreclosure out of the 21 sales. Old Hickory homes were selling on average for 98 percent of list price.
“There is some uncertainty now about some of the loan programs during the government shut down and we applaud many of the mortgage companies for working to find alternative solutions to helping buyers get into homes and sellers be able to move on during this time. Everyone in the real estate related industry is still doing what is necessary to keep the housing market on the upswing,” Hamilton noted.