Nashville Real Estate Forum

November 11th, 2008 4:29 PM

Williamson County Association of REALTORS®

Announces October Housing Numbers

November 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 October 2008. There were 213 residential and condominium closings reported for the month of October according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.

Compared to October of 2007, the single family residential closings decreased 24 percent and the median price decreased by six percent. Condominiums closings have decreased by 45 percent and the median price increased by 18 percent. The average days on the market (DOM) for residential homes have increased by 22 days. The median is a typical market price where half of the homes sold for more and half sold for less.

October 2008

Closings

Median Price

Average Price

DOM

Residential

195

$ 362,350

$ 440,270

80

Condominium

18

$ 232,250

$ 228,173

98


October 2007

Closings

Median Price

Average Price

DOM

Residential

256

$ 385,225

$ 451,472

58

Condominium

33

$ 197,655

$ 231,030

53

October 2006

Closings

Median Price

Average Price

DOM

Residential

427

$ 375,000

$ 455,567

51

Condominium

58

$ 185,500

$ 205,317

40

October 2005

Closings

Median Price

Average Price

DOM

Residential

412

$ 285,000

$ 363,267

53

Condominium

36

$ 139,845

$ 163,679

47




The Williamson County Association of REALTORS® is the professional trade organization servicing 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 1,650 members and is headquartered in Franklin, Tn.

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Posted by Gary Moore on November 11th, 2008 4:29 PM
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