Nashville Real Estate Forum

August 2010 Housing Sales

Williamson County Association of REALTORS® Announces August 2010 Sales Statistics

Showing Decrease in Sales, but fewer days on the market

September10, 2010 (Franklin, TN) - The Williamson County Association of REALTORS® announces the statistics for home sales in Williamson County, TN for the month of August 2010. There were 236 residential and condominium closings reported during this period according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle Tennessee region.

The number of single-family residential closings decreased by 9% percent compared to August 2009, but decreased by 13% percent compared to July 2010 statistics for the number of homes sold in Williamson County. The good news is that the median sales price increased by 15% percent for residential from last year's figures. The median is a typical market price where half of all homes sold for more and half sold for less.

The average days on the market (DOM) for residential homes increased by five (5) days for residential and by three (3) days for condominiums compared to the same period last year. Residential inventory of homes listed as active has decreased from 2512 in August of 2009 to 2332 in August 2010.

August 2010

Closings

Median Price

Average Price

DOM

Residential

236

$ 341,500

$ 383,993

94

Condominium

10

$ 221,500

$ 231,708

117

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

"We are pleased to see that home sales are still up from last year's figures even with the end of the Federal Home Buyers Tax Credit that ended in June of 2010. The Williamson County area continues to show strong growth compared to other market areas in the state and across the country. The quality of life, excellent schools and an overall economically prosperous community are drivers that allow Williamson County to stay on the more positive side of the real estate slump. The influx of corporations choosing this area for corporate headquarters will continue to spur growth in our area and help improve the real estate and other economic indicators that we watch. WCAR is focused on being a part of the recovery of these markets as we move forward, " said Danny Anderson, 2010 WCAR President.

The Williamson County Association of REALTORS® is the professional trade organization serving the real estate industry in Williamson County. Established in 1962, the Association provides professional development and support services for real estate professionals while impacting the surrounding communities through support of local education and community outreach.. The Association has over 1,400 members and is headquartered in Franklin, TN.

Posted by Gary Moore on September 13th, 2010 2:16 PM
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