Taxes collected on new construction over the past six months is currently at a five year high and median sales prices have been rising. Building permits are rebounding, too, as more and more are issued each month.
In the past three or four months, Williamson County has seen more building starts than sales, a very positive sign for the market. Contrast that with Davidson County, which has a more equal number of both. In the year before the start of May, 46 percent of Williamson County foreclosures were homes that sold for less than $200,000. During the same period, 52 percent of new homes sold went for anywhere in the range of $350,000 to $700,000. That same gap does exist in Davidson County, however it is less profound with most new homes in Davidson sold for under $300,000.
To see information about how Nashville home sales have been this spring, see here.