December 7, 2010 (Franklin, TN) - The Williamson County Association of REALTORS® announces the
statistics for home sales in Williamson County, TN for the month of November 2010. There were 194
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 14.8% percent compared to November
2009 for the number of homes sold in Williamson County. The average days on the market (DOM) for
residential homes increased by thirteen (13) days for residential and increased by seventy one (71) days
for condominiums compared to the same period last year. Residential Inventory of homes listed as active
has decreased from 2,231 in November of 2009 to 2,144 in November 2010.
November 2010 Closings Median Price Average Price DOM
Residential 179 $ 358,000 $ 423,561 104
Condominium 15 $ 160,000 $ 192,585 160
November 2009 Closings Median Price Average Price DOM
Residential 210 $ 319,950 $ 377,859 91
Condominium 28 $ 235,000 $ 233,301 89
November 2008 Closings Median Price Average Price DOM
Residential 130 $ 364,891 $ 451,967 89
Condominium 15 $ 185,500 $ 184,630 51
November 2007 Closings Median Price Average Price DOM
Residential 247 $ 365,000 $ 427,205 69
Condominium 31 $ 219,990 $ 227,241 40
|
Williamson County Association of REALTORS® Announces September 2010 Sales Statistics
October 7, 2010 (Franklin, TN) - The Williamson County Association of REALTORS® announces the statistics for home sales in Williamson County, TN for the month of September 2010. There were 232 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 5.7% percent compared to September 2009, but decreased by 11% percent compared to August 2010 statistics for the number of homes sold in Williamson County. The average days on the market (DOM) for residential homes decreased by eleven (11) days for residential and increased by twenty-three (23) days for condominiums compared to the same period last year. Residential Inventory of homes listed as active has decreased from 2451 in September of 2009 to 22260 in September 2010.
September 2010
|
|
Closings |
Median Price |
Average Price |
DOM |
|
Residential |
209 |
$ 330,000 |
$ 373,130 |
89 |
|
Condominium |
23 |
$ 202,900 |
$ 206,362 |
96 |
September 2009
|
|
Closings |
Median Price |
Average Price |
DOM |
|
Residential |
197 |
$ 330,000 |
$ 401,708 |
100 |
|
Condominium |
23 |
$ 205,260 |
$ 218,085 |
73 |
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 |
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.
Other economic indicators such as unemployment rates have also improved for Williamson County. According to the latest statistics, unemployment is currently at 7.0 % in Williamson County as compared to August of 2009 when the unemployment rate was 7.9%. Davidson County currently stands at 9.5% unemployment rate.
Middle Tennessee is also leading the rest of the country as well as other regional areas that compete with middle Tennessee for economic development such as Charlotte, NC and Atlanta, GA. Middle Tennessee has only seen a 3.7% depreciation in the value of homes while Charlotte is looking at a 7.2% decrease and Atlanta a 9.0% decrease. This means that people and businesses looking to relocate will see their property values sustain better value if they relocate to the middle Tennessee area.
Another area that helps to determine the health of the real estate market is the absorption rates. This is the rate at which inventory is moving within that particular market. While we are still considerable down from the numbers of 2006 markets, we are seeing a steady increase in the absorption rates.
September 2010 9.0%
September 2009 8.0%
September 2008 8.6%
September 2007 12%
September 2006 26%
|
September |
|
|
|
|
|
|
|
Closed |
Avg |
Median |
DOM |
Inventory |
New |
Pending |
|
31 |
$ 534,348 |
$ 455,000 |
90 |
480 |
122 |
46 |
|
7 |
$ 151,200 |
$ 137,500 |
120 |
109 |
27 |
6 |
|
103 |
$ 395,621 |
$ 349,900 |
88 |
1049 |
270 |
111 |
|
20 |
$ 319,360 |
$ 308,852 |
82 |
129 |
36 |
28 |
|
32 |
$ 241,250 |
$ 212,366 |
77 |
235 |
78 |
32 |
|
12 |
$ 294,566 |
$ 222,750 |
84 |
131 |
27 |
9 |
Brentwood
Fairview
Franklin
Nolensville
Spring Hill
Thompson Sta.
______________________________________________________________________________
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 |
|
I specialize in the Williamson, Southern Davidson, Wilson & Maury County Areas. Your Middle Tennessee Real Estate Connection www.middletnrealty.com <!-- Facebook Badge ST
My Client-First Philosophy
There are many qualities and skills that go into being an excellent real estate professional - integrity, in-depth community and market knowledge, marketing savvy, effective negotiation skills and a high-quality professional network, all of which are hallmarks of how I work.
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