Franklin - Brentwood Edition - July 2020

FRANKLIN BRENTWOOD EDITION

REAL ESTATE

VOLUME XX, ISSUE XX  XXXXXXXXXX, 2020

ONLINE AT

2020EDITION

VOLUME 2, ISSUE 5  JULY 27AUG. 23, 2020

Prospective buyers scramble for housing Williamson County sees low home inventory

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Homes on market 1,198

COMPOUNDING COMPETITION While the coronavirus has caused some aspects of the real estate market to slow, recent data from June shows homes are selling faster and at higher prices than they did last year, even with fewer options on the market.

Days on market

Down 22% from 2019

Average sales price $648,849

SOURCE: WILLIAMSON COUNTY ASSOCIATION OF REALTORSCOMMUNITY IMPACT NEWSPAPER

IMPACTS

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VOTER Guide Local 2020

BY WENDY STURGES

The eects of the ongoing corona- virus pandemic can be seen in nearly every aspect of Williamson County’s economy, and the real estate industry is no dierent. However, asmany small businesses deal with tough losses due to closures, local Realtors are seeing some unexpected consequences of the virus—namely, more buyers looking to spend more on housing. In the months since the rst case of coronavirus was conrmed inWilliam- son County in earlyMarch, the number of active home listings in ZIP codes for Franklin and Brentwood has dropped by as much as 48% as compared to this time in 2019, according to data pro- vided by Parks Real Estate. “I think even before COVID[-19] hap- pened and the pandemic happened, we were starting to have an inventory issue,” said Jordan Vaughn, broker for RE/MAX and 2020 board president for CONTINUED ON 14

VOTER GUIDE

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2020 EDI T ION REAL ESTATE

MARKET AT A GLANCE

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Low inventory in Williamson County is creating a competitive housing market in which homes sell quickly. (Wendy Sturges/Community Impact Newspaper)

INSIDE

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Many residents protested in June near a Confederate statue in downtown Franklin following the nationwide response to the recent deaths of Black Americans, sparking new conversations about Confederate symbols in Williamson County. (Alex Hosey/Community Impact Newspaper)

Revisiting the past

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