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The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of March. There were 169 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 March of 2008, the residential home closings decreased 37 percent and the median prices for residential homes decreased by 4.7 percent. Days on the market (DOM) for residential homes increased by 8 days compared to March 2008. Condominium closings decreased by 43 percent. The median prices for condominiums decreased by 9 percent and days on the market also increased by 76 days compared to March 2008.
March 2009
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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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152
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$ 357,500
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$ 421,664
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91
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Condominium
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17
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$ 190,000
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$ 196,483
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134
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March 2008
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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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243
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$ 375,000
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$ 439,809
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83
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Condominium
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30
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$ 209,404
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$ 212,124
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58
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March 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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340
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$ 380,000
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$ 456,587
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67
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Condominium
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53
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$ 181,990
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$ 203,859
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41
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March 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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401
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$ 327,402
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$ 402,950
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51
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Condominium
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51
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$ 137,000
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$ 163,395
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33
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“Although closed transactions are up 10% from February to March, our increase has historically been more significant for this time period. REALTORS® in Williamson County are reporting that activity for showings and offers has increased in the past two weeks. April has brought a new low in interest rates and first time buyers are better informed as to the benefits of the Federal Government’s $8000 tax credit. We anticipate that this activity will result in increased closings in April, May and June,” said Diane Johnson, 2009 President of the Williamson County Association of REALTORS®.
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