Residential Sales Data for June 08

By
Real Estate Broker/Owner with Crye-Leike REALTORS

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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