From Post staff reports
Officials with the Eastern Middle Tennessee Association of Realtors are quite happy with home sales for July as the real estate market here continues on an upswing.
“We have more than doubled our monthly closed sales since January and our median sales price has risen by almost $15,000,” said Amy Hamilton, a local real estate agent and member of EMTAR.
The market in Wilson County remains stable. Hamilton said there was an increase in closed sales to 137 in July and new pending homes up to 156 with a median sales price of $181,000. The average days on the market remains stable, also, at 86 and inventory is up slightly to 1,295 active listings available, giving 9-1/2 months’ inventory of homes for sale.
“The Lebanon market did well in July with 58 closed homes at a median price of $159,950 and average days on the market of 79,” she said. Lebanon also had 78 homes under contract to close with the average days on the market at 52.
“Mt. Juliet came in a slight second on closed sales with 54 and a median sales price of $210,000 and days on the market at 86,” Hamilton noted. She added that there were 108 homes under contract in Mt. Juliet with the average days on the market at 66.
“Other areas of Wilson County improved this month as well with Watertown having closed nine properties with a median price of $86,500 and six under contract. This is a large improvement from previous months.
“Old Hickory fared well with 12 homes closed and four under contract with a median closed price of $173,000. Days on the market are longer in Watertown at 100 and Old Hickory at 95 but are improving with the rest of the county,” she said.
As compared to many of the counties adjoining Wilson, “we are doing comparatively well with percentage of inventory to closed sales.” Hamilton noted that Davidson County has an eight-month supply of homes for sale, Sumner County has a nine-month supply and Rutherford County has a six-month supply.
“The Middle Tennessee real estate market is continuing on the right track as buyers continue to take advantage of the great prices of homes, interest rates and tax credits among the many advantages of homeownership,” she added.