Williamson County Market

By
Real Estate Broker/Owner with Crye-Leike REALTORS
Williamson County Association of Realtors® Announces May 2007 Home Sales

June 8, 2007 (Franklin, TN)-The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of May. There were 494 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 May of 2006, the residential home closings decreased 6 percent. While the median prices for residential homes increased by 10 percent. Days on the market (DOM) for residential homes increased by 12 days or 20 percent as compared to April 2006. Condominium closings decreased by 13 percent. The median prices for condominiums increased by 40 percent and days on the market also increased by 53 percent (24 days) compared to April 2006.

May 2007

 

Closings

Median Price

Average Price

DOM

Residential

434

 $      371,338

 $        481,385

    61

Condominium

60

 $      244,490

 $        241,554

    69

May 2006

 

Closings

Median Price

Average Price

DOM

Residential

545

 $      355,500

 $        435,670

    48

Condominium

51

 $      218,990

 $        222,588

    38

May 2005

 

Closings

Median Price

Average Price

DOM

Residential

426

 $      275,000

 $        335,560

    52

Condominium

32

 $      125,195

 $        153,148

    41


"Williamson County's real estate market continues to be very healthy. The real estate season has begun with the trends for the amount of closings consistent with the previous two outstanding years. The amount of closings is the highest for 2007 to date, which is typical for the beginning of the summer season. The median prices are still increasing in our local area which is in contrast to the majority of markets in other areas of United States. Real estate markets are local in nature; buyers and sellers are cautioned to look at the local statistics and not rely on National reporting, which is not representative of our sought-after Williamson County properties." said Susan McKinney, 2007 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 1,650 members and is headquartered in Franklin, Tn.

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may 2007
  
This information is for use by members of WCAR. Any unauthorized distribution of this information is subject to penalty.
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Rainer
44,921
Michael Hutchins - Consumer Advocate, Chicago
Michael Hutchins Ent. - Chicago, IL
Hi Kathie.  I just wanted to welcome you to the Rain!  I hope you enjoy it here and keep blogging!
Jun 14, 2007 04:03 AM #1
Rainmaker
202,853
Stephanie Edwards-Musa
thredUP.com - The Woodlands, TX
knitwit at thred UP
Hi Kathie, Great first post!  Welcome to Active Rain! It looks like you will have some great information to share with the comunity.
Jun 14, 2007 04:26 AM #2
Rainer
342,751
Anthea Click
Fresh Perspectives - www.InsideNashvilleHomes.com - Franklin, TN
Nashville Home Stager - Selling Nashville, TN homes quickly!

Hi Kathie,

Welcome to AR! Great post. I work in Williamson County and it is always good to get this kind of information.

Jun 19, 2007 03:21 AM #3
Rainmaker
89,382
Paul Moye
Benchmark Realty - Franklin, TN
Broker, GRI, SRES
I was wondering when you were going to get your feet wet.
Jun 25, 2007 02:34 AM #4
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