Homes sales up in city, county, across region
Brentwood Home Page news reports
Christmas came early to the residential real estate community in Brentwood, Williamson County and the Greater Nashville Area when November home sales statistics were released Thursday. Sales, and in many cases prices, increased across the board.

“As you can see Williamson County continues to be a leader in the housing industry in Middle Tennessee,” Tiffany Cheuvront, executive vice president of the Williamson County Association of Realtors, said. Countywide, 201 single-family homes closed, for an average price of $423,206 and a median price of $345,000.

Brentwood saw 42 homes close last month at an average price of $669,733 and a median price of $589,974. Sixty-six home sales were pending, while the number of homes listed in the city last month was 386.

In nearby Nolensville, 15 homes sold in November, with an average price of $323,376 and a median price of $304,000. Days on the market there averaged 43, the fewest DOM recorded in the county last month.

“The number of closings increased and we are ahead of 2010 for the number of homes that have been sold to date. Franklin led the cities in Williamson County with the most properties sold, but Brentwood continued to keep the median prices of the homes sold at a higher level,” Cheuvront continued.

Overall in the county, the number of single family residential closings increased by 8.3% compared to November 2010, with 169 more home sales in the first 11 months of 2011 than at the same point in 2010.

The median sales price for a single-family home was $345,000 in November 2011, down slightly from last year’s median of $358,000.

Regionally, the Greater Nashville Association of Realtors reported Thursday that 1,592 home closings were reported for November. This figure is up 20 percent from the 1,326 closings reported for the same period last year.

“Home sales trends in November include a double-digit increase in the number of closings and stable or increasing prices for both single-family homes and condominiums. These signs are welcome as we near the end of the year and begin to look toward 2012,” said Alice Walker, said GNAR president. “Based on current data, Greater Nashville is on track to have more than 20,000 closings this year, which is a very important benchmark under current market conditions.

“As we get further away from the impact of the first-time homebuyer tax credit, comparisons become more realistic. What we’ve seen the second half of this year, including an actual increase in closings year-to-date, should be encouraging for buyers, sellers and real estate professionals alike.”