Blog, Homes, Market News

Williamson County Homes Inventory

In a recent article, the Tennessean reported the following market absorption rates for homes in Williamson County:

“In Williamson County, the $1 million-and-up price range had enough inventory to last 30.9 months, compared with 18.4 months of inventory in the $800,000 to $999,999 range and 11.7 months of inventory in the $600,000 to $799,999 range.”

The good news is that the inventory of the lessor prices homes has actually been dropping since April 2008. Levels are down nearly 15% of their highs and appear to be slowly, steadily dropping. In our opinion, this leads to a healthy Williamson County real estate market by late 2009 or early 2010.

The average price of a house last month in Williamson County was $440,270, compared to $451,472 in 2007, $455,567 in 2006 and $363,267 in 2005.

Related posts:

1. Davidson and Williamson County $500k to $1 mil Inventory Analysis
2. Williamson County is one of America’s Wealthiest Counties
3. Nashville Housing Inventory Declines
4. Brentwood Homes Price Value Analysis
5. Brentwood Homes Short Sale and Grant Hammond