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May 7, 2007 (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 344 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 2006, the residential home closings decreased 19 percent. While the median prices for residential homes increased by 21 percent. Days on the market (DOM) for residential homes increased by 17 days or 35 percent as compared to April 2006. Condominium closings decreased by 28 percent. The median prices for condominiums increased by 60 percent and days on the market also increased by 110 percent (42 days) compared to April 2006.
April 2007
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Closings
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Median Price
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Average Price
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DOM
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Residential
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308
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$ 391,200
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$ 462,038
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65
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Condominium
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36
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$ 224,995
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$ 227,367
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80
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April 2006
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Closings
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Median Price
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Average Price
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DOM
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Residential
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378
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$ 322,000
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$ 398,088
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48
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Condominium
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50
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$ 140,900
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$ 175,642
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38
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April 2005
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Closings
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Median Price
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Average Price
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DOM
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Residential
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362
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$ 284,744
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$ 342,244
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65
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Condominium
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35
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$ 132,800
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$ 139,463
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51
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"Williamson County’s 2006 real estate market brought several new-comers to our area. As 2007 progresses, the market is returning to levels experienced during 2005; which was one of the best years in the County’s market. Williamson County continues to attract market rates for their sought after properties. The County also has had an increase in the availability of several styles of condominiums communities, which is reflected in the increased number of listings available for several price points having an affect on the median price. Following the trends, the closings for the month follow the same pattern consistently. The month of May should be a stronger increase in closings as the real estate “season” gets underway. Now is a great time for buyers and sellers to explore their options.” said Susan McKinney, 2007 President of the Williamson County Association of REALTORS®.
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