New Home Sales Numbers for August 2007 have just been released by the Williamson County Board of Directors.
September 7, 2007 (Franklin, TN)-The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of August. There were 462 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 August of 2006, the residential home closings decreased 12 percent. The median prices for residential homes remained consistent with a less than one percent change. Days on the market (DOM) for residential homes increased by 18 days or 41 percent as compared to August 2006. Condominium closings increased by 18 percent (6 units). The median prices for condominiums increased by 7 percent and days on the market also increased by 41 percent (18 days) compared to August 2006.
August 2007
| Closings | Median Price | Average Price | DOM |
Residential | 423 | $ 367,500 | $ 444,824 | 65 |
Condominium | 39 | $ 194,980 | $ 210,912 | 65 |
August 2006
| Closings | Median Price | Average Price | DOM |
Residential | 479 | $ 370,000 | $ 440,742 | 46 |
Condominium | 33 | $ 183,000 | $ 201,757 | 46 |
August 2005
| Closings | Median Price | Average Price | DOM |
Residential | 493 | $ 301,000 | $ 372,921 | 58 |
Condominium | 50 | $ 152,000 | $ 163,256 | 28 |
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