Nashville Real Estate Forum

October 7th, 2008 11:22 PM

September 2008 Sales

for Williamson County

October 7, 2008 (Franklin, TN)--The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of September 2008. There were 243 residential and condominium closings reported for the month of September, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.

Compared to September of 2007, the single family residential closings decreased 29 percent and the median price decreased by 6.5 percent. Condominiums closings have decreased by 56 percent and the median price increased by 11 percent. The average days on the market (DOM) for residential homes have increased by 20 days and condominiums have increased by 29 days. Days on the market have been consistent since the onset of 2008, with the days ranging from 74 - 89 days. Median prices have remained consistent since January 2008, ranging from $345,000 to $395,000. The median is a typical market price where half of the homes sold for more and half sold for less.

September 2008

Closings

Median Price

Average Price

DOM

Residential

218

$ 348,502

$ 387,960

88

Condominium

25

$ 222,175

$ 238,447

78

September 2007

Closings

Median Price

Average Price

DOM

Residential

307

$ 373,000

$ 452,549

68

Condominium

57

$ 199,882

$ 214,482

49

September 2006

Closings

Median Price

Average Price

DOM

Residential

441

$ 379,275

$ 437,876

44

Condominium

81

$ 183,000

$ 214,088

42

September 2005

Closings

Median Price

Average Price

DOM

Residential

431

$ 281,110

$ 356,630

55

Condominium

49

$ 142,000

$ 170,895

31


"Williamson County continues to perform stronger than much of the Country, but that has not isolated the real estate market from apprehension among consumers to spend money - even for essentials such as housing. Until people start to feel more comfortable with the news from Wall Street and the Federal Government, we can expect to see less closings and falling prices. Buyers are contending with the credit crisis with more strict lending guidelines and less money available for loans," said Kathie Moore, 2008 President of the Williamson County Association of REALTORS®.

Posted by Gary Moore on October 7th, 2008 11:22 PM
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