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October 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 September 2007. There were 364 residential and condominium closings reported for the month of September, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.
Compared to September of 2006, the single family residential closings decreased 30 percent and the median price decreased by 2 percent. Condominiums closings have decreased by 42 percent and the median price increased by 8 percent. The average days on the market (DOM) for residential homes have increased by 35 percent and condominiums have increased by 14 percent. Days on the market have been consistent since the onset of 2007, with the days ranging from 61 – 68 days. Median prices have remained consistent since January 2007, ranging from $367,500 to $391,200. The median is a typical market price where half of the homes sold for more and half sold for less.
September 2007
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Closings
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Median Price
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Average Price
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DOM
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Residential
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307
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$ 373,000
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$ 452,549
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68
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Condominium
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57
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$ 199,882
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$ 214,482
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49
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September 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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441
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$ 379,275
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$ 437,876
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44
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Condominium
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81
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$ 183,000
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$ 214,088
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42
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September 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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431
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$ 281,110
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$ 356,630
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55
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Condominium
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49
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$ 142,000
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$ 170,895
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31
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"Our County continues to attract buyers and sellers of property and homes. Although the market is not performing to 2006’s record-setting year, the market has been consistent since the beginning of 2007 and the trend of seasonal closings is consistent year over year,” said Susan McKinney, 2007 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 1,750 members and is headquartered in Franklin, Tn.
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