Nashville Real Estate Forum

Monthly Sales Report
May 2010

Williamson County Association of REALTORS® Announces May 2010 Sales Statistics

June 10, 2010 (Franklin, TN) - The Williamson County Association of REALTORS® announces the statistics for home sales in Williamson County, TN for the month of May 2010. There were 318 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 increased by over forty-five (45) percent compared to May 2009, while the median sales price experienced an increase of over three (3) percent. 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 decreased by twelve (12) days compared to the same period last year.

Click on Sales Report - May 2010 to view the pdf version.


May 2010

Closings Median Price Average Price DOM
Residential 296 $326,000 $488,711 92
Condominium 22 $168,050 $172,274 119


May 2009

Closings Median Price Average Price DOM
Residential 203 $315,900 $365,306 104
Condominium 16 $193,750 $201,450 97


May 2008

Closings Median Price Average Price DOM
Residential 321 $370,000 $440,864 85
Condominium 25 $196,000 $209,772 86


May 2007

Closings Median Price Average Price DOM
Residential 434 $371,338 $481,385 61
Condominium 60 $244,490 $241,554 69


May 2006

Closings Median Price Average Price DOM
Residential 462 $335,000 $417,075 49
Condominium 68 $147,900 $186,172 45


“Home sales during May produced Williamson County’s first increase of the year in median sales price, indicating more activity within our higher price ranges. This is true even after separating the recent record-breaking sale of Alan Jackson’s home in Franklin. May 2010 also marks the eighth consecutive month with an increase in the number of homes sold. This is great news for our local real estate market. Even with a minor pull-back over the next several months, this momentum keeps us on track for a highly successful 2010” said Karen Baker, 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. The Association has over 1,450 members and is headquartered in Franklin, TN.

Click on Monthly Sales Report - May 2010 to download the pdf version.

 

Posted by Gary Moore on June 11th, 2010 10:59 AM
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