Nashville Real Estate Forum

Williamson County Association of REALTORS® Announces June 2008 Housing Numbers

July 7, 2009 (Franklin, TN)—The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of June 2009. There were 285 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 June of 2008, the residential home closings decreased 11 percent and the median price for residential homes increased by .27 percent. Days on the market (DOM) for residential homes increased by 12 as compared to June 2008. Condominium closings decreased by 30 percent. The median prices for condominiums decreased by 16 percent and days on the market also increased by 75 days compared to June 2008.


June 2009

Closings

Median Price

Average Price

DOM

Residential

266

$ 368,500

$ 429,373

93

Condominium

19

$ 176,000

$ 203,705

134

June 2008

Closings

Median Price

Average Price

DOM

Residential

300

$ 367,520

$ 436,842

81

Condominium

27

$ 210,213

$ 218,816

59

June 2007

Closings

Median Price

Average Price

DOM

Residential

447

$ 380,000

$ 459,373

67

Condominium

59

$ 207,900

$ 232,256

51

June 2006

Closings

Median Price

Average Price

DOM

Residential

545

$ 355,500

$ 435,670

48

Condominium

51

$ 218,990

$ 222,588

38

June 2005

Closings

Median Price

Average Price

DOM

Residential

541

$ 317,000

$ 367,786

54

Condominium

45

$ 158,900

$ 153,825

31


"When comparing closings year over year; June 2009 presented the smallest change in over 2 years. This is a great sign for home sales, especially with the small increase in median price. Inventory of single family homes has also decreased by 100 units compared to 2008 levels. We anticipate a strong July,” said Diane Johnson, 2009 President, Williamson County Association of REALTORS®.

The Williamson County Association of REALTORS® is the professional trade association representing the real estate industry and promotes the rights of private property and home ownership in Williamson County. Established in 1962, the association provides professional development and support services for real estate professionals. The association has over 1,500 members and is headquartered in Franklin, Tn.

###

Media Inquiries:

Theresa Wilson, Executive Vice President

Theresa@williamsoncountyrealtors.org

615-771-6845


Posted by Gary Moore on July 7th, 2009 10:48 PM

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