The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of January 2009. There were 114 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 2008, the single family residential closings decreased 26 percent and the median price decreased by 8 percent. Compared to 2006, the median home prices have increased by 24 percent. The average days on the market (DOM) for residential homes has increased by 8 days. The median is a typical market price where half of the homes sold for more and half sold for less.
January 2009
Closings
Median Price
Average Price
DOM
Residential
107
$      365,000
$       468,785
95
Condominium
7
$      220,000
$      172,493
69
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 performed as expected for January. There is pent up demand from buyers and many consumers are waiting to hear about potential tax incentives proposed in the Economic Stimulus Package before making decisions. Buyers are looking, as the number of showings of homes for sale has increased in the last few weeks. We anticipate many buyers taking advantage of the lower interest rates and potential tax advantages enacted by the Federal Government,” said Diane Johnson, 2009 President of the Williamson County Association of REALTORS®.