Williamson County Tennessee January 2008 Housing Sales Figures

Williamson County Association of REALTORS® Announces January Housing Numbers
February 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 January 2008. There were 173 residential and condominium closings reported for the month of January, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.
Compared to January of 2007, the single family residential closings decreased 41 percent and the median price increased by 2 percent. Compared to 2006, the median home prices have increased by 34 percent. Condominiums closings have decreased by 12 percent and the median price increased by 10 percent. The average days on the market (DOM) for residential homes has increased by 21 days and condominiums have remained consistent. The median is a typical market price where half of the homes sold for more and half sold for less.
January 2008

Closings
Median Price
Average Price
DOM
Residential
145
$ 395,000
$ 451,792
87

Condominium
28
$ 174,308
$ 182,131
36

January 2007

Closings
Median Price
Average Price
DOM
Residential
245
$ 388,757
$ 451,494
66
Condominium
32
$ 157,965
$ 185,573
35
January 2006

Closings
Median Price
Average Price
DOM
Residential
301
$ 294,000
$ 358,305
52
Condominium
24
$ 181,000
$ 191,768
46
"The Williamson County real estate market continues to maintain its value with increasing median pricing defying Wall Street predictions of falling values. Buyers should have lots of opportunities in the next few months with ample inventory and low interest rates. Sellers are certainly hoping for increased buyer interest in home buying with the approach of warmer months.” said Kathie Moore, 2008 President of the Williamson County Association of REALTORS®.The Williamson County Association of REALTORS® is the professional trade organization servicing 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 1,550 members and is headquartered in Franklin, Tn.