December 8, 2008 (Franklin, TN)-The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of November 2008. There were 145 residential and condominium closings reported for the month of November, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.
Compared to November of 2007, the single family residential closings decreased 47 percent and the median price remained the same. Condominiums closings have increased by 52 percent and the median price decreased by 16 percent. The average days on the market (DOM) for residential homes have increased by 20 days and condominiums have increased by 11 days. Days on the market have been consistent since the onset of 2008, with the days ranging from 74-89 days. Median prices have remained consistent since January 2008, ranging from $345,000 to $395,000. The median is a typical market price where half of the homes sold for more and half sold for less.
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 |
November 2006
|
|
Closings |
Median Price |
Average Price |
DOM |
|
Residential |
308 |
$ 401,700 |
$ 466,644 |
55 |
|
Condominium |
24 |
$ 189,890 |
$ 219,234 |
23 |
November 2005
|
|
Closings |
Median Price |
Average Price |
DOM |
|
Residential |
398 |
$ 296,072 |
$ 370,150 |
50 |
|
Condominium |
52 |
$ 152,920 |
$ 167,229 |
27 |
| September 2008 Home Sales |
|
October 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 September 2008. There were 243 residential and condominium closings reported for the month of September, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area. Compared to September of 2007, the single family residential closings decreased 29 percent and the median price decreased by 6.5 percent. Condominiums closings have decreased by 56 percent and the median price increased by 11 percent. The average days on the market (DOM) for residential homes have increased by 20 days and condominiums have increased by 29 days. Days on the market have been consistent since the onset of 2008, with the days ranging from 74 - 89 days. Median prices have remained consistent since January 2008, ranging from $345,000 to $395,000. The median is a typical market price where half of the homes sold for more and half sold for less. September 2008
September 2007
September 2006
September 2005
Our local economy has not been impacted as greatly as the majority of the country however Williamson County was also behind the market's decline by as much as 6 months leading many to expect the lowest point in sales and home values to be over the coming quarter. The silver lining is, this is a great time to buy a home in a great area. |
| May 2008 Home Sales |
| June 9, 2008 (Franklin, TN)-The Williamson County Association of REALTORS® announces the sale of homes statistics for Williamson County, Tn. for the month of May. There were 346 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 May of 2007, the residential home closings decreased 26 percent and the median prices for residential homes remained the same, with less than a one percent change. Days on the market (DOM) for residential homes increased by 24 days as compared to May 2007. Condominium closings decreased by 60 percent. The median prices for condominiums decreased by 20 percent and days on the market decreased by 17 days compared to May 2007. May 2008
May 2007
May 2006
|
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| April 2008 Home Sales |
|
May 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 April. There were 250 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 April of 2007, the residential home closings decreased 26 percent and the median prices for residential homes decreased by 12 percent. Days on the market (DOM) for residential homes increased by 9 days as compared to April 2007. Condominium closings decreased by 42 percent. The median prices for condominiums decreased by 26 percent and days on the market decreased by 17 days compared to April 2007.
April 2007
April 2006
"The median is the middle number in a given sequence of numbers. Comparing April 2008 to April 2007, there were less homes in the higher end of the spectrum, thus tightening the variations in home values sold and lowering the median. This data cannot be construed to indicate that any individual home value has absolutely increased or decreased, it is an indicator of the price range of home that is selling at the time interval measured. |
| Closings | Median Price | Average Price | DOM | |
| Residential | 243 | $ 375,000 | $ 439,809 | 83 |
| Condominium | 30 | $ 209,404 | $ 212,124 | 58 |
| Closings | Median Price | Average Price | DOM | |
| Residential | 340 | $ 380,000 | $ 456,587 | 67 |
| Condominium | 53 | $ 181,990 | $ 203,859 | 41 |
| Closings | Median Price | Average Price | DOM | |
| Residential | 401 | $ 327,402 | $ 402,950 | 51 |
| Condominium | 51 | $ 137,000 | $ 163,395 | 33 |
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