October 2023 Nashville Real Estate Market Report

Williamson & Davidson County

by Candace Anger

Welcome to Your Monthly Market Report for Williamson County and Davidson County in Tennessee

Hello, future homeowners and savvy investors! I'm Candace Anger, your dedicated realtor, bringing you the latest insights into the bustling real estate markets of Williamson County, encompassing Brentwood, Franklin, Nolensville, Arrington, College Grove, Spring Hill, Thompsons Station, and Fairview, as well as the vibrant city of Nashville in Davidson County. Let's dive into the numbers from Jan 1st to October 31st, 2023.

Williamson County Highlights

Year to date, Williamson County has seen 6,075 new listings, marking a slight decrease of 5.1% compared to the same period in 2022. However, the real gem lies in the median sales price, boasting a remarkable 3.3% increase. In 2022, the median sales price stood at $871,000, and this year it has risen to a solid $900,000. The average sales price has also experienced a positive uptick, climbing 1.5% from $1,102,000 to $1,119,000. While the Percentage of List Price Received has dipped slightly to 98.3%, down from 101.9% last year, the market remains robust, with an average of just 31 days on the market. Plus, with a recent drop in interest rates, living in Tennessee has never been more appealing.

Davidson County Insights

Shifting our focus to the heart of Tennessee – Davidson County, home to the vibrant city of Nashville – we find an equally dynamic real estate landscape. Despite a 9.4% decrease in new listings compared to 2022, Davidson County continues to showcase its resilience. The median sales price has increased by 1.7%, rising from $481,000 to $489,000, with the average sales price climbing even more significantly at 5.6%, reaching $676,000 from $640,000. However, it's essential to note that the average days on the market have seen a notable increase, up by 136% from 11 to 26 days. The Percentage of List Price Received remains strong at 98.3%, a slight dip from 101.5% last year.

Why Tennessee?

Living in Tennessee not only means enjoying a thriving real estate market but also comes with additional perks. No state income tax, a high quality of life, strong communities, excellent healthcare, a booming job market, and a growing economy make Tennessee an ideal place to call home.

Choosing the Right Realtor

In this dynamic market, having an expert realtor who wakes up every morning to study the trends is crucial. The wrong choice can cost you both money and time. I invite you to reach out for a free consultation. Let's navigate the real estate landscape together, ensuring your journey is smooth and successful. I look forward to meeting you!

All statistics and numbers are powered by Real Tracs, our listing service of Middle Tennessee. Until next month, happy house hunting!