Nashville Real Estate Forum

February 2009 Home Sales

The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of February 2009. There were 154 residential and condominium closings reported for the month of February, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.

Compared to February of 2008, the single family residential closings decreased 14 percent and the median price remained the same. The average days on market (DOM) for residential homes and condominiums has increased by 16 days. The median is a typical market price where half of the homes sold for more and half sold for less.

February 2009
Closings
Median Price
Average Price
Residential
141
$ 385,000
$ 444,094
93
Condominium
13
$ 180,000
$ 179,727
44

February 2008
Closings
Median Price
Average Price
DOM
Residential
163
$ 387,000
$ 439,578
77
Condominium
27
$ 215,000
$ 232,452
60

February 2007
Closings
Median Price
Average Price
DOM
Residential
260
$ 371,118
$ 432,966
63
Condominium
36
$ 180,652
$ 220,079
61

February 2006
Closings
Median Price
Average Price
DOM
Residential
296
$ 304,900
$ 390,915
53
Condominium
29
$ 157,500
$ 174,386
22



"The Williamson County real estate market experienced a nice increase during the second month of the calendar year as compared to January; residential closings increased by 32 percent. With changes still taking place at the Federal legislative level many buyers are still searching and waiting for additional incentives; however the time to buy is now. Prices are holding, interest rates are great and the buyers are taking advantage of the opportunities," said Diane Johnson, 2009 President of the Williamson County Association of REALTORS®.

The Williamson County Association of REALTORS® is the professional trade organization servicing the real estate industry in Williamson County. Established in 1962, the association provides professional development and support services for real estate professionals. The association has over 1,450 members and is headquartered in Franklin, Tn.
Posted by Gary Moore on March 11th, 2009 7:14 PM
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