The month of August brings the end of summer and the start of a new school year. We hope each of you truly enjoyed a wonderful summer with your families and made lasting memories!
The Jule Team has had a busy summer helping families buy, sell and relocate to Middle Tennessee. We have been fortunate to see families reunited, move across the country and find their dream home right here in Williamson County.
With the school year starting, we wanted to keep you in the loop with local real estate trends, market updates and explore what’s to come.
Williamson County Market Update
The numbers are in! June 2024 Williamson County’s stats are in! Check out the housing market stats below and how it compared to May.
IN JUNE WE SAW:
0.7% increase in properties sold (423 in May)
4% increase in active listings (994 in May)
80k: Median home sales price decreased by $80k ($1,050,000 in May)
3 days: homes spent 3 days less on the market in May. The average home sold in 22 days in June (25 in May)
WHAT DOES THIS MEAN FOR YOU
In June, we continued to see more homes available and more homes sold when compared to May. However, in April and May we saw an average of ~7% increase month over month vs. in June there was a .7% increase. This shows that homes are selling only slightly more than they did in May. The good news for sellers is that homes continue to sell faster, with an average of 22 days on the market.
For sellers: More homes are continuing to sell and are getting sold more quickly.
For buyers: More homes on the market to choose from and the median price of homes has gone down by $80k!
Williamson County Median Sales Prices
Curious about how home prices compare to a year ago?
We’ve listed out the median sold prices for Williamson County cities in June 2024 and compared them to prices in June 2023.
Nolensville – $753,250 (+$3,255 from June 2023)
Franklin – $874,566 (+$53k from June 2023)
Brentwood – $1,055,755 (-$12,068 from June 2023)
College Grove – $1,450,000 (+$350,000 from June 2023)
Interested in learning more about the increases or decreases of median sales prices in a specific neighborhood? Reach out! We will go into detail about each market report and share all the insights we have!
Local Spotlight: Local Farmers Markets in Williamson County!
Wondering where all the local farmers markets are near you?
We’ve rounded up all the local farmers markets in Williamson County! Come shop the markets and support the local farms and businesses in the area! From fresh produce, to handmade jewelry and organic meat, each market is unique and LOCAL!
Real Estate Tips & Trends
Ready to get top dollar for your home? Helping you get the best offer is what we are here for.
Marketing:
Working with an agent and making sure you’re getting quality images and videos is key.
Insight: High-quality photographs expedite sales by 32% faster and video content boosts inquiries by 403%.
Recommendation: Make sure the agent you’re working with has a marketing plan in place and a way to reach an audience.
Pricing:
Understanding your home’s value is critical when attracting potential buyers.
Insight: Homes that are priced competitively within the local market are more likely to capture the attention of serious buyers looking for value.
Recommendation: Working with a local agent who has sold numerous homes in the area is critical as they understand the value of your home, the neighborhood and how it compares to others homes on the market in your community. They have seen what attracts buyers and what will sell within the area.
Presentation:
Make sure your home is ready to be viewed at all times while on the market. Whether you’re staging your home or using your own decor, a home’s presentation helps visualize a space for potential buyers.
Insight: Staging can boost the sales price by 5%. Potential buyers are also more attracted to well designed spaces to show furniture spacing. Which allows homes to feel more “livable” and more likely to produce an offer.
Recommendation: Work with an agent to understand how you can present your home in a way that will attract top dollar and the most serious buyers.
