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April 2009 Housing Sales
May 7, 2009 (Franklin, TN)-The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of April. There were 192 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 April of 2008, the residential home closings decreased 23 percent and the median prices for residential homes increased by 10 percent. Days on the market (DOM) for residential homes increased by 25 days as compared to April 2008. Condominium closings decreased by 29 percent. The median prices for condominiums decreased by 4 percent and days on the market decreased by 12 days compared to April 2008.
April 2009
Closings
Median Price
Average Price
DOM
Residential
177
$380,000
$466,520
99
Condominium
15
$160,000
$185,052
51
April 2008
Closings
Median Price
Average Price
DOM
Residential
229
$345,000
$418,653
74
Condominium
21
$166,300
$190,443
63
April 2007
Closings
Median Price
Average Price
DOM
Residential
308
$391,200
$462,038
65
Condominium
36
$224,995
$227,367
80
April 2006
Closings
Median Price
Average Price
DOM
Residential
378
$322,000
$398,088
48
Condominium
50
$140,900
$175,642
38
"The market is picking up for spring as buyers are continuing to write contracts on properties that they anticipate closing on over the next 60-90 days. The increase in median price is a good indication that buyers and sellers understand current market conditions and the availability of a great selection at our market prices. We continue to outperform other areas of the country in direct result to our strong local economy and great community amenities," said Diane Johnson, 2009 President of the Williamson County Association of REALTORS®.
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 1,450 members and is headquartered in Franklin, Tn.
This information is for use by members of WCAR. Any unauthorized distribution of this information is subject to penalty. To download a PDF version of this information, visit our web site.
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