November 9, 2010 (Franklin, TN) - The Williamson County Association of REALTORS® (WCAR) announced today the
statistics for residential home sales in Williamson County, TN for the month of October 2010. The figures show a slow but steady improvement in the real estate market in Williamson county from the sellers point of view. The bottom of the market may have already passed and with the talk of lower interest rates buyers really should not miss out on a great opportunity to buy a home.
The WCAR noted that there were 237 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 2.7% percent compared to October 2009,
and increased by 5% percent compared to September 2010 statistics for the number of homes sold in
The average days on the market (DOM) for residential homes increased by one day for residential and increased by eleven days for condominiums compared to the same period last year. Residential Inventory of homes listed as active has decreased from 2372 in October of 2009 to 2222 n October 2010.
“As we can see from the latest statistics, both home closings and the median home sale price are reflective
of levels we saw two years ago. According to statistics from the National Association of Realtors, we are
beginning to see a leveling out of the real estate market and a slow return to “normalcy.” The things that
we begin tracking at this point are the unemployment levels and buyer confidence returning to the market
place. Both of these are strong indicators of a market on its way toward recovery” said Danny Anderson,
2010 WCAR President.
Source Williamson County Association of Realtors
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