Nashville Real Estate Forum

September 8th, 2009 10:25 PM
August 2009 Housing Sales

Williamson County Association of REALTORS® Announces August 2009 Housing Numbers

September 8, 2009 (Franklin, TN)-The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of August. There were 236 residential and condominium closings reported for the month, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.

Compared to August of 2008, the residential home closings decreased 25 percent and the median prices for residential homes sold decreased by 25 percent. Days on the market (DOM) for residential homes remained the same as compared to August 2008. Condominium closings decreased by 25 percent (7 units). The median prices for condominiums decreased by 2 percent and days on the market also increased by 27 days compared to August 2008.

August 2009

Closings

Median Price

Average Price

DOM

Residential

215

$ 290,000

$ 352,072

89

Condominium

21

$ 187,500

$ 192,079

114

August 2008

Closings

Median Price

Average Price

DOM

Residential

286

$ 385,000

$ 439,129

89

Condominium

28

$ 192,000

$ 199,805

87

August 2007

Closings

Median Price

Average Price

DOM

Residential

423

$ 367,500

$ 444,824

65

Condominium

39

$ 194,980

$ 210,912

65

August 2006

Closings

Median Price

Average Price

DOM

Residential

479

$ 370,000

$ 440,742

46

Condominium

33

$ 183,000

$ 201,757

46

August 2005

Closings

Median Price

Average Price

DOM

Residential

493

$ 301,000

$ 372,921

58

Condominium

50

$ 152,000

$ 163,256

28

"The local real estate market has been greatly impacted by the restrictions of lending institutions especially in the jumbo loan market. The majority of homes that are selling and closing are under the Fannie Mae $427,000 lending limit, and a lot of the activity in the market is a direct result of those first time buyers taking advantage of the $8000 tax credit which expires December 1st,"states Diane Johnson, 2009 President of the Williamson County Association of REALTORS® said.

Posted by Gary Moore on September 8th, 2009 10:25 PM
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

Real Estate, a la Carte! Box 791 Brentwood, TN 37024
Cell:

ID Your Best Financing | Buyer's Menu | Borrower's Menu | Seller's Menu | Contact REAL Carte | Apply On-Line | Get Pre-Approved | Buyer's Rebate | Our Featured Homes | Home | Nashville Real Estate Forum

Copyright © 2012 Real Estate, a la Carte!
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.



 
State:
County:
City:
Zip: