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

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