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Paul Moye, Broker, ABR, GRI, CSP, SRES

Williamson County Tennessee November 2008 Home Sales Figures

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

Williamson County Tennessee September Sales Figures

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

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

September 2006

Closings

Median Price

Average Price

DOM

Residential

441

$ 379,275

$ 437,876

44

Condominium

81

$ 183,000

$ 214,088

42

September 2005

Closings

Median Price

Average Price

DOM

Residential

431

$ 281,110

$ 356,630

55

Condominium

49

$ 142,000

$ 170,895

31

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.

Williamson County Tennessee May Home Sales Figures

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

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



Williamson County Tennessee April Home Sales Information

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 2008

Closings

Median Price

Average Price

DOM

Residential

229

$ 345,000

$ 418,653

74

Condominium

21

$ 166,300

$ 190,443

63

April 2007

Closings

Median Price

Average Price

DOM

Residential

308

$ 391,200

$ 462,038

65

Condominium

36

$ 224,995

$ 227,367

80

April 2006

Closings

Median Price

Average Price

DOM

Residential

378

$ 322,000

$ 398,088

48

Condominium

50

$ 140,900

$ 175,642

38

"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.

March 2008 Housing Sales Figures

April 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 March. There were 273 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 March of 2007, the residential home closings decreased 29 percent and the median prices for residential homes decreased by 1 percent. Days on the market (DOM) for residential homes increased by 16 days or 24 percent as compared to March 2007. Condominium closings decreased by 43 percent. The median prices for condominiums increased by 15 percent and days on the market also increased by 41 percent (17 days) compared to March 2007.
March 2008
ClosingsMedian PriceAverage Price DOM
Residential243 $ 375,000 $ 439,809 83
Condominium30 $ 209,404 $ 212,124 58


March 2007
Closings Median PriceAverage PriceDOM
Residential340 $ 380,000 $ 456,587 67
Condominium53 $ 181,990 $ 203,859 41


March 2006
Closings Median PriceAverage PriceDOM
Residential401 $ 327,402 $ 402,95051
Condominium51 $ 137,000 $ 163,39533