July 2008 Sales Figures for Williamson County Tennessee

The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of July. There were 342 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 2007, the residential home closings decreased 28 percent and the median price for residential homes decreased by 6 percent. Days on the market (DOM) for residential homes increased by 11 as compared to July 2007. Condominium closings decreased by 23 percent. The median prices for condominiums decreased by 2 percent and days on the market increased by 10 days compared to July 2007.

The Housing Stimulus Package will help our market by allowing many home owners to refinance and avoid foreclosure and assist in maintaining home resale values in neighborhoods across Williamson County.

The largest contributor to lower median sales price is the decrease in sales of homes in Williamson County over $1,000,000 when compared to 2006 & 2005. The decrease in the number of homes sold over $1,000,000 is significantly less that the past 3 years not only for July 2008 but for all of 2

July 2008

July 2007

July 2006

July 2005