Williamson County Tennessee December Sales Report

By
Real Estate Agent with Benchmark Realty TN 288457

January 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 December 2007. There were 305 residential and condominium closings reported for the month of December, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.

Compared to December of 2006, the single family residential closings decreased 30 percent and the median price decreased by 2 percent. Compared to 2005, the median home prices have increased by 20 percent. Condominiums closings have increased by 2 percent and the median price increased by 5 percent. Compared to 2005, the median price for condominiums has increased 37 percent. The average days on the market (DOM) for residential homes have increased by 21 days and condominiums have increased by 2 days. Days on the market have been consistent since the onset of 2007, with the days ranging from 58 - 72 days. Median prices have remained consistent since January 2007, ranging from $365,000 to $391,200. The median is a typical market price where half of the homes sold for more and half sold for less.


December 2007

 

Closings

Median Price

Average Price

DOM

Residential

247

$      385,757

$       471,523

74

Condominium

58

$      198,732

$       217,309

51

December 2006

 

Closings

Median Price

Average Price

DOM

Residential

356

$      394,900

$        456,445

53

Condominium

57

$      190,000

$        213,643

49

December 2005

 

Closings

Median Price

Average Price

DOM

Residential

450

$      320,704

$        414,290

50

Condominium

46

$      144,950

$        180,452

31


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Paul Moye

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