June 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 June. There were 327 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 2007, the residential home closings decreased 33 percent and the median price for residential homes decreased by 3 percent. Days on the market (DOM) for residential homes increased by 14 as compared to June 2007. Condominium closings decreased by 54 percent. The median prices for condominiums increased by 1 percent and days on the market also increased by 8 days compared to June 2007.
June 2008
|
|
Closings |
Median Price |
Average Price |
DOM |
|
Residential |
300 |
$ 367,520 |
$ 436,842 |
81 |
|
Condominium |
27 |
$ 210,213 |
$ 218,816 |
59 |
June 2007
|
|
Closings |
Median Price |
Average Price |
DOM |
|
Residential |
447 |
$ 380,000 |
$ 459,373 |
67 |
|
Condominium |
59 |
$ 207,900 |
$ 232,256 |
51 |
June 2006
|
|
Closings |
Median Price |
Average Price |
DOM |
|
Residential |
545 |
$ 355,500 |
$ 435,670 |
48 |
|
Condominium |
51 |
$ 218,990 |
$ 222,588 |
38 |
June 2005
|
|
Closings |
Median Price |
Average Price |
DOM |
|
Residential |
541 |
$ 317,000 |
$ 367,786 |
54 |
|
Condominium |
45 |
$ 158,900 |
$ 153,825 |
31 |
"When reviewing the past four years, median prices have remained strong in our area. The market continues to strongly favor buyers who have plenty of inventories from which to choose. Sellers have to carefully position their homes in this marketplace," said Kathie Moore, 2008 President, Williamson County Association of REALTORS®.
The Williamson County Association of REALTORS® is the professional trade association representing the real estate industry and promotes the rights of private property and home ownership in Williamson County. Established in 1962, the association provides professional development and support services for real estate professionals. The association has over 1,650 members and is headquartered in Franklin, Tn.
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