Williamson County Association of REALTORS®

 

March 2008

 

 

 

 

 

Closings

 

 

Median Price

 

 

Average Price

 

 

DOM

 

 

Residential

 

 

243

 

 

 $      375,000

 

 

 $       439,809

 

 

       83

 

 

Condominium

 

 

30

 

 

 $      209,404

 

 

 $       212,124

 

 

       58

 

March 2007

 

 

 

 

Closings

 

 

Median Price

 

 

Average Price

 

 

DOM

 

 

Residential

 

 

340

 

 

 $      380,000

 

 

 $        456,587

 

 

          67

 

 

Condominium

 

 

53

 

 

 $      181,990

 

 

 $        203,859

 

 

          41

 

March 2006

 

 

 

 

Closings

 

 

Median Price

 

 

Average Price

 

 

DOM

 

 

Residential

 

 

401

 

 

 $      327,402

 

 

$      402,950

 

 

51

 

 

Condominium

 

 

51

 

 

 $      137,000

 

 

$      163,395

 

 

33

 

 

"Williamson County's real estate market is showing the first signs of an upswing in buyer interest.  We are hopeful that buyers will continue their renewed interest in buying homes.  The longer days on the market reflects the slowed absorption over the past six months.  We continue to believe that the improving stability in the mortgage market and the pent-up demand for housing will bring recovery in the housing market by the fourth quarter of 2008," said Kathie Moore, 2008 President of the Williamson County Association of REALTORS®.

Announces June 2007 Housing Numbers

The Williamson County Association of REALTORS® today announced the sale of homes statistics for Williamson County, Tn. for the month of June.

There were 506 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 June of 2006, the residential home closings decreased 18 percent. While the median prices for residential homes increased by 6 percent. Days on the market (DOM) for residential homes increased by 19 days or 28 percent as compared to June 2006. Condominium closings decreased by 16 percent. The median prices for condominiums increased by 5 percent and days on the market also increased by 34 percent (13 days) compared to June 2006.

June 2007

"Although closings have decreased compared to 2006’s record-breaking year, Williamson County’s real estate market continues to produce an increase in median prices and continues to beat the regional average in days on the market.

 "Although mortgage interest rates are trending up, they are historically favorable,” Susan McKinney, 2007 President of the Williamson County Association of REALTORS® said.  “The good news is buyers have advantageous negotiating power with a supply of homes available.  Buyers who’ve been on the sidelines may want to take action – if they wait for sales to rise as summer progresses, their choices and negotiating position may not be as good as they are currently."

The Williamson County Association of REALTORS® is the professional board of choice for the real estate industry in Williamson County. Established in 1962, the association provides professional development and support services for real estate professionals.

The association has over 1,700 members and is headquartered in Franklin, Tn.

                                                       June 2007

                         Closings    Median Price    Average Price     DOM

Residential       447              $380,000           $459,373               67

Condominium     59              $207,900           $232,256               51

                                                   June 2006