Aug. 8, 2007 (Franklin, TN)-The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of July. There were 472 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 July of 2006, the residential home closings decreased 16 percent, while the median price of residential homes increased by 3 percent. Days on the market (DOM) for residential homes increased by 20 days or 43 percent as compared to July, 2006. Condominium closings decreased by 3 percent (1 unit). The median price for condominiums increased by 16 percent and days on the market also increased by 50 percent (26 days) compared to July, 2006.

July 2007

	Closings	Median Price	Average Price	DOM
Residential	437	$ 384,900	$ 449,994	66
Condominium	35	$ 215,000	$ 229,134	76

July 2006

	Closings	Median Price	Average Price	DOM
Residential	518	$ 373,353	$ 419,341	46
Condominium	36	$ 185,000	$ 215,615	50

July 2005

	Closings	Median Price	Average Price	DOM
Residential	541	$ 317,000	$ 367,786	54
Condominium	45	$ 158,900	$ 153,825	31

Although closings have decreased compared to 2006's record-breaking year, Williamson County's real estate market is still active. For 2007 to date the days on the market for single family homes has ranged between 61-67 days. Although closings have decreased, the inventory of homes is still being turned around in a consistent time frame since the beginning of the year. The median prices for homes continues to increase, although not as significantly as the previous two years, allowing the market to normalize at market-driven prices. The median home price on average for the South as reported by the National Association of REALTORS states that .7% increases are being experienced from last year to this year.