Today is Tuesday, June 27, 2017

Wilson home sales improve four months in a row

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As seems to be the trend nationwide, pending home sales in Wilson County are up for the fourth month in a row, said Amy Hamilton, a member of the Eastern Middle Tennessee Association of Realtors.

The last time there were four consecutive monthly gains nationwide was in October 2004.

Wilson County is beating that trend with seven consecutive months of increased pending sales with June topping in at 152, the best month since July 2008, she said.

The number of sold homes also increased in June with 132 residential properties closing. Of those 132, the majority were in the two highest population areas of the county, with 43 sales in Lebanon and 74 in Mt Juliet.

New home sales accounted for 26 sales in Mt Juliet and nine in Lebanon. The rest were homes being resold. The median sales price in Mt Juliet is $208,403 with 90 average days on the market.

The median sales price in Lebanon is $170,000 with 74 average days on the market.

This figure, 132 closed sales, is also the highest month of sales since September 2008, Hamilton noted.

County real estate agents still have almost a 10-month supply of homes for sale in Wilson, which continues to make it a buyer’s market. Hamilton said this means sellers should make sure their house is priced correctly to attract the buyers because they are still looking for the best buys.

“Buyers, now is the time,” she added. “These prices and interest rates won't be around forever. We are seeing a steady increase in activity and sales, which will help level out the housing market and bring the home prices back up again.”

The hottest sales price throughout the county continues to be below the $200,000 mark.

First-time homebuyers are taking advantage of the prices, historical interest rates, and the $8,000 tax credit that is only promised to be around until Dec. 1, Hamilton added.


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