2017 1st Quarter Housing Market Numbers

So I just ran the first quarter 2017 numbers on Middle Tennessee's housing market. Here's my one insight for each of the seven counties:

1. Davidson County: The price per square foot broke the $165 mark (second only to Williamson County)--up 9% from 2016's 1st quarter.
2. Williamson County: While the average home price in Williamson County was just over $500,000 in 2016, I honestly wasn't expecting the average home price to be as high as $532,081 for this first quarter of 2017--that's an increase of 12% over first quarter 2016.
3. Wilson County: Wilson joins Davidson and Williamson as one of three counties with an average sales price of over $300,000, thanks to a 12% increase over first quarter 2016.
4. Rutherford County: A lot of homes are moving in Rutherford--719 to be exact. That's second only to Davidson County. Pretty impressive.
5. Sumner County: The number of homes sold increased by 18% over the same time frame in 2016. This increase in sales was compounded by a 21% decrease in the amount of time it took for homes for sale. Strong combination!
6. Cheatham County: Wow! No other Middle TN county can compete with the spike in Cheatham County over the past year or two. Cheatham has seen a 30+% increase in sales price and price per square foot, coupled with a 30+% decrease in the number of days a house is on the market before it's sold.
7. Dickson County: Last year Dickson County was the only remaining county under $100 per square foot. But no more. Thanks to an 18% increase in price per square foot, Dickson County has now joined the other 6 counties that boast a price per square foot over $100. Another impressive stat is that there's only 2.2 months of inventory currently on the market, which is less than any other county. These are certainly signs of a strong seller's market in Dickson.

If you're wondering what your home is worth in today's market, let me know and I'll run these stats on your particular neighborhood. Just call or text me at 615-336-6686 or email me at [email protected].

What stats are most impressive to you? Or what trends are you noticing in your part of the county? I'd love to hear your thoughts in the comments below.